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Sarah (single) purchased a home on January 1, 2008, for$600,000. She eventually sold the home for $800,000. What amount ofthe $200,000 gain on the sale

Sarah (single) purchased a home on January 1, 2008, for$600,000. She eventually sold the home for $800,000. What amount ofthe $200,000 gain on the sale does Sarah recognize in each of thefollowing 1 answer

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