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What is the amount of Baker recognized gain

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Question - Baker, an unmarried individual, sold a personal residence, which has an adjusted basis of $70,000, for $165,000. Baker owned and lived in the residence for seven years. Selling expenses were $10,000. Four weeks prior to the sale, Baker paid a handyman $1,000 to paint and fixed up the residence. What is the amount of Baker's recognized gain?

Reference no: EM132969397

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