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In 2006,Regina purchased a home in Las Vegas which cost $280,000. Due to increase in the market value of the home,she refinanced her mortgage and her debt on the home totaled $300,000 at the end of 2007. Regina accepted a new job in Dallas in April 2012. Unable to sell her home,she rented it in November 2012,at which time its fair market value was $240,000. In June,2014,she sold the home for $230,000. What tax issues should Regina consider?
Government Policy Makers
Individuals or groups within the government responsible for developing, implementing, and amending policies and regulations.
Aggregate Demand Curve
A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services at that level.
Expected Price Level
The anticipated average price of goods and services in an economy at a future date.
Private Sector
The part of the economy that is owned and operated by individuals and companies for profit, not controlled by the state.
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