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when calculating the net investment income tax the following income items are included in net investment income except Dorothea originally sold her home for $92,000
when calculating the net investment income tax the following income items are included in net investment income except
Dorothea originally sold her home for $92,000 at that time, her adjusted basis in the home was $95,000. five years later, she repossessed the home when the Balance of the note was $87,000. she resold it within one year for $100,000. original sale expenses were $1,150 and resale expenses were $1,350. repossession costs were $2,900. she incurred $1,100 for improvements prior to the resale . what is Dorothea's recomputed gain?
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