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On august 10, 2017, jasper purchased business equipment for $40,000. on his 2017 tax return, $40,000 of § 179 immediate expense was taken on the equipment. on july 14, 2018, jasper sold the equipment for $12,000. what is the nature of disposition gain or loss? where is it reported on the 2018 form 4797?
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On august 10, 2017, jasper purchased business equipment for $40,000. on his 2017 tax return, $40,000...
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