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What is the recognized gain on the sale of the house

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Question - Britney buys a house on the lake for $395,000 which she uses as her vacation home, i.e., it is not her principal residence. She builds a new wing on the house for $60,000. She sells the property for $610,000 and pays $25,000 in commissions and $5,000 in legal fees in connection with the sale. What is the recognized gain on the sale of the house?

Reference no: EM133025904

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