[Solved] mr. and mrs. alvarez paid 130,000 for the

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mr. and mrs. alvarez paid 130,000 for their home 30 years ago. They recently sold this home and moved into a rented apartment. Describe the

mr. and mrs. alvarez paid 130,000 for their home 30 years ago. They recently sold this home and moved into a rented apartment. Describe the tax consequences of the sale assuming that the amount realized was $850,000. Please show your work

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