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Isabelle recently sold a house for $2 million. She had inherited the house from her father who died a year ago. The house was her
Isabelle recently sold a house for $2 million. She had inherited the house from her father who died a year ago. The house was her father's home from the time that he bought it until he died. Her father had bought the house for $500,000 in 2000 and it was worth $1.5 million when he died. What is Isabelle's net capital gain or loss in relation to the above information? Net capital gain of $500,000. Nil. Net capital gain of $1,500,000 None of the options Net capital gain of $750,000
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