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can u pls answer this qustion pls On August 31, 2020, Nolan and Lot who file a joint return and live in Charleston, South Carolina,
can u pls answer this qustion pls
On August 31, 2020, Nolan and Lot who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for 10 years. The realized gain of $392,200 was excluded under 5 121. They purchased another personal residence in Charleston for $627,520 on September 1, 2020. In 2021. Nolan's employer transfers him to Houston, Texas. The couple sells the Charleston homa on February 28, 2021, and purchases a new home in Houston. The realized gain on the second sale is $352,980. Do not round any division. What is Nolan and we's recognized gain on the second sale Step by Step Solution
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