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An increase in wealth does not create gross income for tax purposes unless: a. the increase is reported b. the increase is realized c. the

An increase in wealth does not create gross income for tax purposes unless:

a. the increase is reported

b. the increase is realized

c. the increase occurs in the taxable year in which the asset was acquired

d. the increase is subject to depreciation

e. the increase is more than 2% of AGI

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