Business, 14.01.2020 18:31 Pmedellin27

In the current yearmr. d sold a parcel of land (acquired and held for investment), which had an adjusted basis to him of $25,000 for $37,500 cash and artwork with a fair market value of $12,500. the buyer also assumed $10,000 mortgage on the land. d paid $2,500 in selling expenses. what is the amount of mr. d's gain on the sale?

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In the current yearmr. d sold a parcel of land (acquired and held for investment), which had an adju...

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