Julie sold her vacation home during the tax year. Julie purchased the property in 2007 for $236,500 and sold the property for $429,000. Julie paid $5,250 to add a deck onto the home
in 2010. In 2012, a flood caused $25,000 of damage, which she paid out-of-pocket to restore
the property. Julie did not have flood insurance and was able to claim a $4,100 casualty loss
on her itemized deductions that year. What amount of gain from the sale would be reported
on her return?

Questions 7-8. use the following table to answer. year 2006 2007 2008 2009 2010 2011 2012 2013 cpi 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 7. suppose you bought a house in 2006 for $120,000. use the table above to calculate the 2013 value adjusted for inflation. (round to the nearest whole number) 8. suppose you bought a house in 2013 for $90,000. use the table above to calculate the 2006 value adjusted for inflation. (round to the nearest whole number)