Examlex
Use the following data to determine the sales price of Etta's principal residence and the realized gain.She is not married.The sale of the old residence qualifies for the § 121 exclusion.
Selling expenses
$ 45,000
Recognized gain
180,000
Cost of new residence
760,000
Adjusted basis of old residence
225,000
§ 121 exclusion
250,000
Organic Product
A compound resulting from an organic reaction, consisting primarily of carbon and hydrogen, and often containing other elements like oxygen or nitrogen.
Regio-
Refers to the specific region or orientation of molecules or molecular groups within a chemical compound.
Diazomethane
A highly reactive, yellow, toxic gas with the formula CH2N2, used in organic synthesis to introduce a methyl group.
Zwitterionic
A chemical compound that is electrically neutral overall but contains positively and negatively charged sites at different atoms within the molecule.
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