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Daniel, who is single, purchased a house on May 1 5 , 1 9 9 8 , for $ 1 1 6 , 0 0
Daniel, who is single, purchased a house on May for $ During the years he owned the house, he installed a swimming pool at a cost of $ and replaced the driveway at a cost of $ On April Daniel sold the house for $ He paid a realtor commission of $ and legal fees of $ connected with the sale of the house. What is Daniels recognized gain on the sale of the house?
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