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What is the amount of gain that raymond recognize on sale

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Reference no: EM131815470

Question - Raymond and Susan are married and 55 year old they sell their personal residence for 850,000 cash they purchased the house fifteen year ago for 200,000 what is the amount of gain that Raymond and Susan should recognize on the sale?

a-0

b-150,000

c-500,000

d-650,000

Reference no: EM131815470

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