hello could someone help with this assignment please. question: Jack and June are retired and...
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hello could someone help with this assignment please.
question: Jack and June are retired and receive $10000 of Social Security benefits and taxable pension totaling $25000. They have been offered $20000 for an automobile that they restored after they retired.
They did most of the restoration work themselves and the sale will result in a gain of $12000.
What tax issues should Jack and June consider?
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