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California Real Estate Practice Practice Exam

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California Real Estate Practice Practice Exam

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[Solved] California Real Estate Practice Practice Exam

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  • Submitted On 11 Jun, 2023 02:22:50
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California Real Estate Practice Exam.1 of 50 - Sal bought a personal residence for $150,000. He made $150,000 of improvements during the three years he lived in it before he sold it. He sold the home for $750,000 and paid $50,000 in selling expenses, including the broker's commission. On what amount will he pay capital gains tax? $150,000 You answered incorrectly Remember that there is a $250,000 exclusion on capital gains tax for the sale of an individual's pe...
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