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Business, 25.05.2021 20:40 amandaelisantos

Jessie purchased land as an investment on January 12, 2015 for $80,000. On January 31, 2020, Jessie sold the land for $33,000 cash. In addition, the purchaser assumed the mortgage of $70,000 on the land. What is the amount of the realized gain or loss on the sale

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Jessie purchased land as an investment on January 12, 2015 for $80,000. On January 31, 2020, Jessie...
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