Question
A partnership interest was sold this year by Epsilon for $13,000. The adjusted cost base of the partnership interest was negative $2,000. Expenses of disposition
A partnership interest was sold this year by Epsilon for $13,000. The adjusted cost base of the partnership interest was negative $2,000. Expenses of disposition were $1,000. Which one of the following amounts represents the taxable capital gain realized on the sale?
| a. | $5,000 | |
| b. | $6,000 | |
| c. | $7,000 | |
| d. | $8,000 |
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Financial Statement Fraud Strategies For Detection And Investigation
Authors: Gerard M. Zack
1st Edition
1118301552, 9781118301555
