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Business, 19.10.2019 00:10 brainbean

Homeowners originally purchased a new home for $225,000. during the period of ownership, the homeowners spent $27,500 in capital improvements. when the homeowners sold the home 15 years later for $359,900, they paid a brokerage fee of 5% of the sale price and paid out-of-pocket closing costs totaling $2,550. what is the homeowners' capital gain from the sale?

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