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Business, 31.08.2019 12:30 peno211

Baker, an unmarried individual, sold a personal residence, which has an adjusted basis of $70,000, for $165,000. baker owned and lived in the residence for seven years. selling expenses were $10,000. four weeks prior to the sale, baker paid a handyman $1,000 to paint and fix up the residence. what is the amount of baker's recognized gain?

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Baker, an unmarried individual, sold a personal residence, which has an adjusted basis of $70,000, f...
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