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Indicate the answer choice that best completes the statement or answers the question. Options are Xo c. Not capital assets sed by a purchaser when

image text in transcribedimage text in transcribed Indicate the answer choice that best completes the statement or answers the question. Options are Xo c. Not capital assets sed by a purchaser when he/she needs more time to make a purchase decision d. a waste of time and money Enter the appropriate value to answer the question or solve the problem. On March 5, 2020, Ellen inherited a vacation home from her mother with a fair market value of $168,000.00. Since the market was hot, she immediately listed it for sale April and sold it for $178,000.00. In addition, the purchaser paid for the entire years real estate taxes at closing equal to $4,200.00. The amount accrued as of the date of closing was $1,000.00. Ellen had committed to pay the real estate agent $12,000 but due to a dispute the parties agreed to allow Ellen to pay $7,000.00. What is Ellen's amount realized and what is her gain or loss? Enter the appropriate value to answer the question or solve the problem. On March 5, 2020, Ellen inherited a vacation home from her mother with a fair market value of $168,000.00. Since the market was hot, she immediately listed it for sale April and sold it for $178,000.00. In addition, the purchaser paid for the entire years real estate taxes at closing equal to $4,200.00. The amount accrued as of the date of closing was $1,000.00. Ellen had committed to pay the real estate agent $12,000 but due to a dispute the parties agreed to allow Ellen to pay $7,000.00. What is Ellen's amount realized and what is her gain or loss? 1718,000image text in transcribedimage text in transcribed

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