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Business, 20.04.2020 22:57 TristonC1680

Mr. and Mrs. Frazier are legally married and realized a $723,000 gain on sale of a home that had been their principal residence for 29 years. They moved into a rented condominium in Naples, Florida. What are the tax consequences of the sale to the Fraziers who file one joint tax return?

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Mr. and Mrs. Frazier are legally married and realized a $723,000 gain on sale of a home that had bee...
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