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Jill purchased her principal residence on January 1, Year 4, for $300,000. On January 1, Year 6, when it was worth $250,000, she turned it
Jill purchased her principal residence on January 1, Year 4, for $300,000. On January 1, Year 6, when it was worth $250,000, she turned it into a rental house. On January 1, Year 9, after depreciating the house $20,000, Jill sold it for $310,000. What is Jills realized gain on the sale?
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