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In 2023, Ruth sold a painting for $25,000 that she had bought for her personal use in 1979 at a cost of $10,000. On her
In 2023, Ruth sold a painting for $25,000 that she had bought for her personal use in 1979 at a cost of $10,000. On her 2023 return, Ruth should treat the sale of the painting as a transaction resulti
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