TTilley4445 TTilley4445
  • 20-12-2022
  • Business
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gital inherited a piece of land when a close relative died on july 26, 2020. the fmv of the land at the date of death was $40,000 and cost the relative $20,000 in 2014. gital sold the land on march 29, 2021 for $45,000. what are the amount and nature of the gain on the sale?

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