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  2. Topic
    Business
  3. Study Set
    Individual Taxation
  4. Exam
    Exam 14: Property Transactions: Basis Determination and Recognition of Gain or Loss
  5. Question
    When a Sole Proprietorship Is Sold, the Gain or Loss
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When a Sole Proprietorship Is Sold, the Gain or Loss

Question 22

Question 22

True/False

When a sole proprietorship is sold, the gain or loss is generally capital gain or loss.

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