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QUESTION 23 This year S sold her rental house. She received $140,000 cash from the buyer. She also paid a realtor $8,000 in commission. S

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QUESTION 23 This year S sold her rental house. She received $140,000 cash from the buyer. She also paid a realtor $8,000 in commission. S had purchased the house for $74,000 eight years ago. In addition, she has deducted depreciation to date on the house of $9,000. What is the amount realized, adjusted basis, and realized gain or loss on the sale of her rental house? TTT Arial 3 (12) T. Path Words QUESTION 24 The statute of limitations begins at the earlier of the return's normal due date or the date it was filed. True False QUESTION 25 From highest authority to lowest authority, rank the following administrative interpretations of tax law: Letter Rulings, Revenue Rulings and Regulations Revenue Rulings, Letter Rulings, and Regulations Revenue Rulings, Regulations, and Letter Rulings Letter Rulings, Regulations, and Revenue Rulings Regulations, Revenue Rulings, and Letter Rulings Letter Rulings, Revenue Rulings, and Regulations

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