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Income Concepts (LO. 4) Chelsea, who is single, purchases land for investment purposes in 2014 at a cost of $22,000. In 2019, she sells the

Income Concepts (LO. 4) Chelsea, who is single, purchases land for investment purposes in 2014 at a cost of $22,000. In 2019, she sells the land for $38,000. Chelsea's taxable income without consideri...

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