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Business, 28.06.2019 22:40 gbrbogdan9665

Will's whitewater rafting sold 3 acres of land used in the business. the sales price was $6,000 and the adjusted basis of the land was $4,200. will receives a down payment of $4,000 at the time of sale and the remaining $2,000 early next year. the realized gain on the sale is $. will's recognized gain for the current year is $ and the gain recognized next year will be $.

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Will's whitewater rafting sold 3 acres of land used in the business. the sales price was $6,000 and...
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