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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Part 2--Property Transactions: Determination of Gain or Loss,basis Considerations,and Nontaxable Exchanges
  5. Question
    What Is the General Formula for Calculating the Amount Realized
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What Is the General Formula for Calculating the Amount Realized

Question 14

Question 14

Essay

What is the general formula for calculating the amount realized on the sale or other disposition of property?

Correct Answer:

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Money received
+ Fair market v...

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