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09-12-2022
Business

Answered

Constanza, who is single, sells her current personal residence (adjusted basis of $204,000) for $571,200. She has owned and lived in the house for 30 years. Her selling expenses are $28,560.
What is Constanzaâ€™s realized and recognized gain?
Constanzaâ€™s realized gain is $ and her recognized gain would be $.

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