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Biden sold an investment property that has a market value of $750,000 to his daughter for the amount of $300,000. What will be the capital

Biden sold an investment property that has a market value of $750,000 to his daughter for the amount of $300,000. What will be the capital proceed value under Market Value substituion rule? (1.25 marks for correct answer, 1.25 marks for the correct explanation)

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