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An investor from outside the State of Colorado sells a property for $428,000. The property was heavily encumbered and there were only $5,500 in cash
An investor from outside the State of Colorado sells a property for $428,000. The property was heavily encumbered and there were only $5,500 in cash proceeds at closing. How much of the proceeds would be subject to the Colorado Department of Revenue income tax? OA $4.500.00 B. $5,500.00 OD $110.00 $856.00
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