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12- A great-grandparent sold equipment with an adjusted basis of $20,000 to their great-grandchild for its fair market value of $15,000. The great-grandchild sold the

12- A great-grandparent sold equipment with an adjusted basis of $20,000 to their great-grandchild for its fair market value of $15,000. The great-grandchild sold the equipment to an unrelated party ...

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