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    Individual Taxation
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    Exam 14: Property Transactions: Basis Determination and Recognition of Gain or Loss
  5. Question
    The Cost Basis of a Given Property Does Not Include
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The Cost Basis of a Given Property Does Not Include

Question 24

Question 24

True/False

The cost basis of a given property does not include liabilities payable to the seller by the buyer because no cash changes hands.

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