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What is their recognized gain or loss

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Gary and Roberta own a beautiful home in St. Charles, Ill, which they have used as their principal residence for 10 years. The home cost $600,000 and they have made capital improvements of $125,000. Gary and Roberta decide to sell their home for $650,000. Get the instant assignment help. What is their recognized gain or loss?

Reference no: EM133904890

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