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Jim and mary have lived in their house for 1 5 years. They originally purchased their home for $ 2 5 0 , 0 0
Jim and mary have lived in their house for years. They originally purchased their home for $ and added a deck which cost $ and made a room in their basement which cost them $ Prior to selling the house they painted the interior for $ the house sold for and real estate agent charged them in real estate commissions.
What is the recognized gain on the sale of the house
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