Virginla Is an accountant for a global CPA firm. She Is belng temporarily transferred from...
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Virginla Is an accountant for a global CPA firm. She Is belng temporarily transferred from the Ralelgh, North Carolina, office to Tokyo. She will leave Raleigh on October 7, 2018, and wiIll be out of the country for four years. She sells her personal residence on September 30, 2018, for $228,750 (her adjusted basls Is $195,000). Upon her return to the United States In 2022, she purchases a new residence in Los Angeles for $213,500, where she will continue workling for the same firm a. What are Virginla's realized and recognized galn or loss? (If there is no galn or loss is recognized, select "No galn/loss") b. What Is Virginia's basls In the new residence? a. b. Basis of new residence
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