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Jim, a single taxpayer, bought his home 20 years ago for $25,000. He has lived in the home continuously since he purchased it. In 2014,
Jim, a single taxpayer, bought his home 20 years ago for $25,000. He has lived in the home continuously since he purchased it. In 2014, he sells his home for $200,000.
What is Jim's taxable gain on sale?
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Auditing That Matters Case Studies
Authors: Norman David Marks
1st Edition
B089J17FFW, 979-8650160410
