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Anthony, who is single, sells his personal residence where he has lived for the past...

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Accounting

Anthony, who is single, sells his personal residence where he has lived for the past 25 years for $600,000. If Anthony's adjusted basis in the property is $250,000 and his selling expenses are $20,000, what are Anthony's realized and recognized gains? Group of answer choices Realized $330,000 Recognized $0 Realized $350,000 Recognized $350,000 Realized $330,000 Recognized $330,000 Realized $330,000 Recognized $80,000

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