Solved

Carlos Bought a Building for $113,000 in 2014

Question 96

Multiple Choice

Carlos bought a building for $113,000 in 2014.He added an addition to the building for $26,000.In 2018, he sold it for $212,000.What was his long-term capital gain (ignore depreciation) ?


A) $0
B) $47,000
C) $73,000
D) $99,000
E) $212,000

Correct Answer:

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