Business, 24.07.2020 21:01 182075

Constanza, who is single, sells her current personal residence (adjusted basis of $262,500) for $735,000. She has owned and lived in the house for 30 years. Her selling expenses are $36,750. What is Constanza’s realized and recognized gain? Constanza’s realized gain is $ and her recognized gain would be $ .

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Constanza, who is single, sells her current personal residence (adjusted basis of $262,500) for $735...

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