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find the answers In early 2019, Mr. Rob advises you that it is his intention to sell both his Hamilton home and his cabin in

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In early 2019, Mr. Rob advises you that it is his intention to sell both his Hamilton home and his cabin in Algonquin. He acquired the Hamilton home in 2005 and the Algonquin cabin in 2009. He has spent at least a part of each subsequent year in residence at each property. The cost of the Hamilton house was $173,000, while the Algonquin cabin was $131,000. He provides you with the following additional information: Hamilton Home Algonquin Cabin Estimated Selling Price $525,000 $210,000 Anticipated Selling Costs 13,500 12,240 He has asked you to determine the minimum taxable capital gain that would result from the sale of the two properties during 2019. REQUIRED: Calculate the amount of the taxable capital gain that would arise for each property

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