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Principles of Real Estate 1 EXAM REVIEW With Complete Solutions(VERIFIED BY EXPERTS)Principles of Real Estate 1 EXAM REVIEW With Complete Solutions(VERIFIED BY EXPERTS)
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A married couple buys a home for $400,000. Five years later, they sell it for $550,000. How much of their sale is taxable capital gain? -ANSWER - $0. They get a $500,000 capital gains tax exclusion, and they made $150,000 in profit, so all of their profit is excluded from taxation. Arthur, B...

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  • March 4, 2024
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