The buyer also assumed the remaining mortgage of 13000 what
Question - A taxpayer purchased land in 2014 for $26,000 and sold it in 2016 for $31,000 cash. The buyer also assumed the remaining mortgage of $13,000. What is the amount recognized on the sale of the land?
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question - a taxpayer purchased land in 2014 for 26000 and sold it in 2016 for 31000 cash the buyer also assumed the
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