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Question 29 of 50. Dalip originally sold his home for $100,000. At that time, his adjusted basis in or $100,000. At that time, his adjusted
Question 29 of 50. Dalip originally sold his home for $100,000. At that time, his adjusted basis in or $100,000. At that time, his adjusted basis in the home was $103,000. Six years later, he repossessed the home when the balance of the note was $95,000. He resold til the balance of the note was $95,000. He resold it within one year for $109,000. Original sale expenses were $2,510, and resale expenses were $1.050. Repossession costs were 4,400. 50. Repossession costs were $2,250. He incurred $1,500 for improvements prior to the resale. What is Dalip's recomputed gain? O $3,690 O $7,700 O $9,500 O $11,750
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