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In Year 1, Jeff and Kim Jenson (married filing a joint return) have $200,000 of taxable income before considering the following transactions: On March 2,

In Year 1, Jeff and Kim Jenson (married filing a joint return) have $200,000 of taxable income before considering the following transactions: On March 2, Year 1, they sold a painting (art) for $100,00...

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