Exercise 13-42 (Algorithmic) (LO. 8) Constanza, who is single, sells her current personal...
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Exercise 13-42 (Algorithmic) (LO. 8) Constanza, who is single, sells her current personal residence (adjusted basis of $271,500) for $760,200. She has owned and lived in the house for 30 years. Her selling expenses are $38,010. What is Constanza's realized and recognized gain? Constanza's realized gain is $ and her recognized gain would be $
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