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Victoria purchased Greenacre for $ 5 0 , 0 0 0 . Five years later, when the value of Greenacre had decreased to $ 4
Victoria purchased Greenacre for $ Five years later, when the value of Greenacre had decreased to $ she gifted the property to Laurie. Three years later, Laurie sold Greenacre for $ How much gain or loss must Laurie report from the sale of Greenacre?
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