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M acquired a home in 2015 for $300,000 and a cottage in 2019 for $200,000. In 2022 M sold the home for $700,000 and the

M acquired a home in 2015 for $300,000 and a cottage in 2019 for $200,000. In 2022 M sold the home for $700,000 and the cottage for $500,000. What is the minimum amount to be reported in net income for tax purposes in 2022?

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