She lived continuously in the home since she purhcased it
Question - Sims, a single taxpayer, bought her home in La Jolla 25 years ago for $45,000. She lived continuously in the home since she purhcased it. In December, 2016 she sells her home for $405,000. What is Sims's taxable gain on the sale?
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question - sims a single taxpayer bought her home in la jolla 25 years ago for 45000 she lived continuously in the home
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