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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 10: Property Transactions: Determination of Basis and Gains and Losses
  5. Question
    Gains and Losses Resulting from Mere Appreciation or Decline in Value
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Gains and Losses Resulting from Mere Appreciation or Decline in Value

Question 64

Question 64

True/False

Gains and losses resulting from mere appreciation or decline in value are unrealized gains and losses, and are not included in the calculation of taxable income.

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