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Business, 26.07.2019 11:40 lillianmitchell580

Geraldine inherited a piece of land when her father albert died on july 26, 2015 the fmv of the land at the date of death was $40,000 and cost albert $20,000 in 2009. geraldine sold the land on march 29, 2016 for $45,000. what are the amount and nature of the gain on the sale?

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Geraldine inherited a piece of land when her father albert died on july 26, 2015 the fmv of the land...
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