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International Taxation Question Now assume Jose sells the shopping center after holding it for several years. What are the U.S. tax implications on the sale
International Taxation Question
Now assume Jose sells the shopping center after holding it for several years. What are the U.S. tax implications on the sale of the property if Joses basis is $225,000 and he sells the shopping center for $415,000? Be sure to include relevant Code sections in your answer.
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