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Mrs. Gomez, a widow, paid $158,000 for her home 20 years ago. She recently sold this home and moved in with her son on a

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Mrs. Gomez, a widow, paid $158,000 for her home 20 years ago. She recently sold this home and moved in with her son on a permanent basis. Compute Mrs. Gomez's recognized gain or loss on the sale assuming that her amount realized was: (If the results of a transaction do not result in a gain or loss, select 'No gain/loss'.) a. S151250 b. $315,000 c. $473,000

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