What is the amount of her gain and where on the 4797 will, Financial Management

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What is the amount of her gain and where on the 4797 will

Ruth sold land she purchased three months earlier for use in her business. Her cost and adjustment basis in the land is $75,000. The buyer paid $80,000 cash and assumed Ruth's $25,000 mortgage on the property. What is the amount of her gain, and where on the 4797 will she report the sale?

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Financial Management: What is the amount of her gain and where on the 4797 will

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Financial Management: What is the amount of her gain and where on the 4797 will

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