What is the realized gain or loss what is the recognized
Taxpayer exchanges a business use computer with an adjusted basis of $23,000 and a FMV of $32,000 for another business use computer with a FMV of $31,000 and $1,000 cash. What is the realized gain or loss? What is the recognized gain or loss?
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taxpayer exchanges a business use computer with an adjusted basis of 23000 and a fmv of 32000 for another business use
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