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On July 1 2022 Ted age 73 single sells his personal residence of the last 30 Years for $365,000. Ted Basis in his residence is

On July 1 2022 Ted age 73 single sells his personal residence of the last 30 Years for $365,000. Ted Basis in his residence is 50000. The expenses associated with the sale of his home total $21000. On December 15 2022 Ted Purchases and occupies a new residence at a cost of 225000

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