John bought his principal residence for $250,000 in May of the prior tax year. He...
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John bought his principal residence for $ in May of the prior tax year. He sold it on May of the current tax year, for $ What is the amount and character of his gain?Question Select one:aLongterm, ordinary gain of $bLongterm, capital gain of $cShortterm, ordinary gain of $dShortterm, capital gain of $
John bought his principal residence for $ in May of the prior tax year. He sold it on May of the current tax year, for $ What is the amount and character of his gain?
Question Select one:
a
Longterm, ordinary gain of $
b
Longterm, capital gain of $
c
Shortterm, ordinary gain of $
d
Shortterm, capital gain of $
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