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Sale of a Personal Residence ( LO 4 . 6 ) Susan, a single taxpayer, bought her home 2 5 years ago for $ 3

Sale of a Personal Residence

(

4.6)

Susan, a single taxpayer, bought her home

25

years ago for $

30, 000 .

She has lived in the home continuously since she purchased it

.

2022,

she sells her home for $

200, 000 .

What is Susan's taxable gain on the sale?

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