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If your selling price for a property is $1,500,000, selling expenses accumulating to $200,000, and an adjustable basis of $1,125,000. What is your taxable gain

If your selling price for a property is $1,500,000, selling expenses accumulating to $200,000, and an adjustable basis of $1,125,000. What is your taxable gain or loss?

  1. $2,825,000
  2. $575,000
  3. $2,425,000
  4. $175,000

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