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abc123 abc123
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3 years ago
A taxpayer purchased an asset for $50,000 several years ago.  He is now planning to sell it.  Under the recovery of basis doctrine the taxpayer will not recognize any gain or pay any related taxes unless he sells the asset for more than $50,000.

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Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
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R231R231
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abc123 Author
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3 years ago
Thanks
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Helped a lot
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