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Given the hot real estate market in Tucson, Lucy and Ricky decided to sell their home this year for $ 7 6 0 , 0

  Given the hot real estate market in Tucson, Lucy and Ricky decided to sell their home this year for $760,000. They originally purchased the home for $200,000. Lucy and Ricky owned and lived in their home for the last 19 years. What are their realized gain and recognized gain upon the sale of the home, assuming they file jointly? 
 

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