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Jan sells her principal residence for $ 8 5 0 , 0 0 0 . She purchased it 2 2 years ago for $ 2

Jan sells her principal residence for $

850, 000 .

She purchased it

22

years ago for $

245, 000 .

Selling expenses are $

38, 000

and repair expenses to get the house in a marketable condition to sell are $

19, 000 .

What is Jan

s recognized gain?

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