Maddie owns a home that she inherited from her grandmother, Paula, seven months ago. The...
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Accounting
Maddie owns a home that she inherited from her grandmother, Paula, seven months ago. The fair market value of the house at the date of Paula's death was $ Her grandmother paid $ for the home in Based on an appraisal, the house is currently worth $ If Maddie sells the house for its appraised value, and pays $ to a real estate agent, what is Maddie's realized gain or loss.
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