Jerry bought his home 15 years ago for 60000. three years, Ask an Expert

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Jerry bought his home 15 years ago for $60,000. Three years ago Jerry married Debbie and she moved into the same house and has lived there since. If they sell Jerry's house in December, 2010 for $340,000, what is their taxable gain on a joint tax return?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9443146

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