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(45. The government condemns and seizes Gary Greene's business property in order to widen the interstate. His adjusted basis in the property is $160,000. Gary
(45. The government condemns and seizes Gary Greene's business property in order to widen the interstate. His adjusted basis in the property is $160,000. Gary receives $50,000 91012 from the government. a. What is the amount of Gary's realized bosiles and recognized gain or loss in this ed ora bit transaction? ordi ba ani b. What if the property is Gary's personal bosilcor home? ized or bristol 10 ning
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