The realization requirement applies to taxable income but not to the economist's concept of income.
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Q3: Ralph purchased his first Series EE bond
Q4: In 2003,Terry purchased land for $150,000.In 2010,Terry
Q5: Daniel,an accrual basis taxpayer,collects the rent for
Q6: In December 2010,Mary collected the December 2010
Q7: Mabel is age 65 and lives on
Q7: At the beginning of 2010,Mary purchased a
Q8: An accrual basis taxpayer who owns and
Q9: The realization requirement gives an incentive to
Q10: In 2010,Jimmy,a cash basis taxpayer,was offered $3,000,000
Q11: A cash basis taxpayer purchased a certificate
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