Calculate the realized and recognized gain on the disposition of the following properties by a NON-CORPORATE taxpayer. DON'T FORGET TO INDICATE THE CHARACTER OF ANY RECOGNIZED GAIN OR LOSS.

a) Land held for investment originally costing $100 (5 years earlier) was sold for $120.

b) Assume the same land had been purchased 365 days earlier.

c) Land held for investment originally costing $100 (5 years earlier) was sold for $90.

d) Machinery originally costing $150 was sold for $120. The taxpayer had taken $75 in depreciation on the machine over the last two years.

e) Assume the machinery was instead sold for $180.

f) Land held for business purposes costing $100 (5 years earlier) was sold for $120.

g) Assume the same land had been purchased 365 days earlier.

h) Land held for business purposes costing $100 (5 years earlier) was sold for $90.

i) Inventory originally costing $50 was sold for $75.

j) How would your answer change if the inventory was sold for $25?

k) Truck purchased six months ago for $40 was sold for $60. The taxpayer had properly taken $4 of depreciation on the truck

l) Taxpayer collected A/R of $15. The taxpayer's AB in the A/R was $0 because the taxpayer uses the cash method.

m) Assume instead that the Taxpayer used the accrual method and had a $15 AB in the A/R.

n) Business-use building originally costing $500 (10 years earlier) was sold for $800. Taxpayer had taken $200 of depreciation on the building.

o) Assume the building was sold for $400.

p) Assume the building was sold for $250.