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What will be her taxable capital gain for this sale

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Question - In 2017, Amanda bought a piece of land for $200,000. In 2019, she sold this land for $300,000. She paid $7,500 in commission and $2,500 in legal fees. During this two-year period, she also paid David $4,000 to look after this land. What will be her taxable capital gain for this sale?

a) $43,000

b) $45,000

c) $50,000

d) $100,000

Reference no: EM132612637

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