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In 2000, Tariq and Charles bought commercial real estate at a cost of $20,000 and took ownership as tenants in common. Tariq died 3
In 2000, Tariq and Charles bought commercial real estate at a cost of $20,000 and took ownership as tenants in common. Tariq died 3 years ago and left his interest to Charles. The property was valued at $100,000 when Tariq died. Charles sold the property this year for $167,873. What is Charles' taxable gain?
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