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Sale of principal residence. Adam is single and has no dependents. On January 1 , 2 0 1 2 , Adam began renting a house
Sale of principal residence. Adam is single and has no dependents. On January Adam began renting a house and using it as his principal residence. On January Adam purchased the house for $ He continued to live there as his principal residence until November when he sold the house for $ and immediately moved out. No unforeseen circumstances were involved. How much capital gain did Adam have to report on his return for this sale?
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