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    Federal Taxation
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    Exam 14: Property Transactions: Determination of Gain or Loss and Basic Considerations
  5. Question
    The Fair Market Value of Property Received in a Sale
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The Fair Market Value of Property Received in a Sale

Question 31

Question 31

True/False

The fair market value of property received in a sale or other disposition is the price at which property will change hands between a willing seller and a willing buyer when neither is compelled to sell or buy.

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