if a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. for each of the following, indicate the effect on the amount realized. a. The property is sold on credit b. A mortgage on the property is assumed by the buyer c. A mortgage on the property is assumed by the seller d. The buyer acquires the property subject to a mortgage of the seller e. Stock that has a basis to the purchaser of $6,000 and a fair market value of $10,000 is received by the seller as part of the consideration