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    Concepts in Federal Taxation
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    Exam 9: Acquisitions of Property
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    General Telephone Gave Wynonna $2,000 for an Easement for Power
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General Telephone Gave Wynonna $2,000 for an Easement for Power

Question 86

Question 86

True/False

General Telephone gave Wynonna $2,000 for an easement for power lines across her property. She must realize the gain or loss on the receipt of cash.

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