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Ginny, age 2 8 , rented ( as an occupying tenant ) the house that was her principal residence from January 1 , 2 0
Ginny, age rented as an occupying tenant the house that was her principal residence from January through December She purchased that house on January for $ and continued to occupy it through June She leased it to a tenant from July through December On January she sells the house for $ She incurs a realtor's commission of $ Calculate her recognized gain if her objective is to minimize the recognition of gain and she does not intend to acquire another residence.
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