Question
Oscar, a single taxpayer, sells his residence of the last 10 years in January of 2014 for $190,000 Oscar basis in the residence is $45,000,
Oscar, a single taxpayer, sells his residence of the last 10 years in January of 2014 for $190,000 Oscar basis in the residence is $45,000, and his selling expense are $11,000. If Oscar does not buy a new residence, what is the taxable gain on the sale of his residence
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
