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Bobby and Betty Bennett sold their personal residence for $110,000 in October of 2015. They had purchased the residence in 2005 for $200,000 and lived
Bobby and Betty Bennett sold their personal residence for $110,000 in October of 2015. They had purchased the residence in 2005 for $200,000 and lived there throughout the time. They made major capital improvements during their ownership totaling $40,000. How much loss is recognized
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