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Kevin owns a country property that he purchased in 1967 for 30,000

the property was worth 25,000 at the end of 1971 he sold it this year for 155,000 Kevin does not use the principal residence exception on this property. Using the tax free zone method what will be his taxable capital gain?
A)62,500
B)65,000
C)83,333
D)130,000

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Subject: Business, Economics
Kevin owns a country property that he purchased in 1967 for 30,000 the property was worth 25,000 at the end of 1971 he sold it this year for 155,000
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