C how much of a replacement residence would have to

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c. How much of a replacement residence would have to be purchased in order to exclude or defer all gain realized?
#28. Carl Carter had purchased a residence on January 12, 2013, for $165,000 and then sold iton April 12, 2014, for $440,000 because of severe health problems.
Doreen PanicoAcct 241 ONLNChpt 11 & 12Homeworka. How much gain can Carl exclude and how must be recognized?
b. If Carl instead sold the home for $300,000, how much could Carl exclude and how much must be recognized?
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Chapter 12#30. Which of the following is a capital asset? Explain.

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