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Sheena Maskell Sheena Maskell
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7 years ago
In 2004, Regina purchased a home in San Diego which cost $280,000.  Due to increase in the market value of the home, her debt on the home totaled $300,000 at the end of 2006.  Regina accepted a new job in Dallas in April 2008.  Unable to sell her home, she rented it in November 2008, at which time its fair market value was $240,000.  In June, 2010, she sold the home for $230,000.  What tax issues should Regina consider?
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Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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MsLippyMsLippy
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