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In 2010,Niveen Purchased Land for $88,000 for Use in Her

Question 77

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In 2010,Niveen purchased land for $88,000 for use in her landscape business.She sold it in 2016 for $94,000.If Niveen has no other sales of business or trade property,how will this gain be taxed?


A) $6,000 long-term capital gain.
B) $6,000 short-term capital gain.
C) $6,000 ordinary income.
D) $6,000 Section 1231 gain.

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