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Assuming all the ownership and use requirements are met, which of the following is correct...

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Accounting

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Assuming all the ownership and use requirements are met, which of the following is correct with respect to losses on the sale of a personal residence for a married couple Only the loss amount over S(500,000) is recognized, O Losses are not recognized The full amount of the loss is recognized Only a loss up to $(500.000) is recognized

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