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A property owner sold her principal residence for $750,000. It had been acquired establishing a cost basis of $300,000. Assuming the cost of sale is 12% of contract price, what is the taxable gain to this owner?

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A property owner sold her principal residence for $750,000. It had been acquired establishing a cost basis of $300,000. Assuming the cost of sale is 12% of contract price, what is the taxable gain to this owner?






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