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Oisha gave a parcel of realty to Julie valued at $201,250 (Oisha purchased the property five years ago for $84,500 ). a. Compute the amount
Oisha gave a parcel of realty to Julie valued at $201,250 (Oisha purchased the property five years ago for $84,500 ). a. Compute the amount of the taxable gift on the transfer, if any. b. Suppose several years later Julie sold the property for $208,650. What is the amount of her gain or loss, if any, on the sale
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