Generally, the amount realized is everything of value received in a sale less selling expenses.
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Q9: Unrecaptured §1250 gains apply only to individuals.
Q10: The gain or loss realized on the
Q11: An asset's tax-adjusted basis is usually greater
Q12: A parcel of land is always a
Q13: The gain or loss realized on the
Q15: Unrecaptured §1250 gain is taxed at a
Q16: Assets held for investment and personal use
Q17: For corporations, §291 recaptures 20 percent of
Q18: Ordinary gains and losses are obtained on
Q19: Depreciation recapture changes both the amount and
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