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Karen purchased a rental property in 1995 for $45,000. In 2005 she traded this property and $10,000 in cash for a rental property valued at $105,000. In 2014, Karen sold that property for $135,000. What was her taxable income when she sold the property in 2014

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Karen purchased a rental property in 1995 for $45,000. In 2005 she traded this property and $10,000...

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