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Business, 28.05.2021 23:10 myohmyohmy

An unmarried homeowner has $80,000 in equity in his primary residence of three years. The owner sells the residence for $135,000. The broker's commission was 5.5%, and other selling expenses amounted to $1,200. What is the owner's taxable gain on this transaction?

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An unmarried homeowner has $80,000 in equity in his primary residence of three years. The owner sell...
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