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Mary purchased a car for $25,000 in 20 10 . The car was used solely for personal use (not depreciable). While she owned the car
Mary purchased a car for $25,000 in 20 10 . The car was used solely for personal use (not depreciable). While she owned the car , Mary paid $3,000 to have the car maintained (oil changes, tune - ups, etc.). In 201 7, Mary sold the car for $5,000. What is the amount of Marys recognized gain or loss?
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