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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Property Transactions: Determination of Gain or Loss and Basic Considerations
  5. Question
    In General, the Amount Realized from a Sale of Property
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In General, the Amount Realized from a Sale of Property

Question 53

Question 53

True/False

In general, the amount realized from a sale of property does not include any liability assumed by the buyer.

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