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Katie sells her personal use automobile for $12,000. She purchased the car three years ago for $10,000. What is Katie's recognized gain or loss?
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Katie sells her personal use automobile for $12,000. She purchased the car three years ago for $10,000. What is Katie's recognized gain or loss?

User Vpalle
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1 Answer

1 vote
katie’s recognized gain / loss would be $0
User Clain Dsilva
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