eBook Tax Drill - Section 121-MF] On August 31,2022, Harvey and...
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eBook
Tax Drill Section MF
On August Harvey and Margaret, who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for years. The realized gain of $ was excluded under They purchased another personal residence in Charleston for $ on September
However, in Harvey's employer transfers him to Houston, Texas. They sell their Charleston home on February and purchase a new home in Houston. The realized gain on the second sale is $
Do not round any division in your computations.
Harvey and Margaret's recognized gain on the second sale is $
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