Determining the realized gain

Reference no: EM13136563

Anne sold her home for 290,000 in 2010. Selling expenses were $17,400. She had purchased it in 2003 for $290,000. During the period of ownership. Anne had done the following:

1) Deducted $50,500 office-in-home expenses, which included $4500 in depreciation.

2) Deducted casualty loss in 2006 for residential trees destroyed by a hurricane. the total loss was $19000(after the $100 floor and the 10% of AGI floor), and Annes insurance company reimbursed her for $13,500

3) Paid street paving assessment of $7000 and added sidewalks for $8000

4) Installed an elevator for medical reasons. the total cost was $20000 and anne deducted $13000 as medical expenses

what is annes realized gain?

Reference no: EM13136563

Questions Cloud

Planning process and compounded interest decisions : Nathan Company earns 11% on an investment that pays back $220,000 at the end of each of the next 5 years. Nathan's finance department has the following values related to the time value of money to help in its planning process and compounded intere..

National critical infrastructure : What are five national critical infrastructure segments where any future attacks will result in catastrophic events. Name the CI segment and explain what the catastrophic events might be because of an attack. Provide the reasoning for your conclus..

Briefly describe four types of demands customers : attention to customers is necessary for success. Briefly describe four types of demands customers are currently placing on organizational performance.

Create a left-sided power curve using increments : Find the β risk and power assuming that the true mean is really 380 square feet per gallon. (b) Construct a left-sided power curve, using increments of 5 square feet (400, 395).

Determining the realized gain : Anne sold her home for 290,000 in 2010. Selling expenses were $17,400. She had purchased it in 2003 for $290,000. During the period of ownership. Anne had done the following:

What volume of pure o2(g), collected : What volume of pure O2(g), collected at 27°C and 746 torr, would be generated by decomposition of 128 g of a 50.0% by mass hydrogen peroxide solution?

How large sample is needed to get desired noise levels : If the standard deviation is 4.09, how large a sample is needed to get the desired information to be accurate within 0.53 decibels? Show all work.

What is corporation total tax liability : its taxable income for determining the accumulated earnings tax is $230,000. What is corporation total tax liability?

How many atoms of hydrogen does it contain : A sample of glucose, C6H12O6, contains 1.265 x 1021 carbon atoms. (a) How many atoms of hydrogen does it contain?

User Account

All Pages