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Business, 11.10.2019 19:10 tristanthecat

Carly sold land that she purchased 10 years ago for $3,000. the selling price of the land was $7,000 and carly paid broker's fees of $420. when she originally purchased the land, she paid $1,000 to clear some of the brush in order to make a walking path down to a nearby lake. in the ten years since the purchase, carly paid $200 per year to keep the path maintained. carly's amount realized on the sale was $ and her tax basis was $ resulting in a capital gain of $ for the year.

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Carly sold land that she purchased 10 years ago for $3,000. the selling price of the land was $7,000...
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