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Lisa sells business property with an adjusted basis of $148,100 to her son, Alfred, for its fair market value of $118,480. If an amount is
Lisa sells business property with an adjusted basis of $148,100 to her son, Alfred, for its fair market value of $118,480. If an amount is zero, enter "0". a. What is Lisa's realized and recognized gain or loss? Lisa has a sl realized of which s is recognized b. What is Alfred's recognized gain or loss if he subsequently sells the property for $152,910? For $95,255? If Alfred sells the property for $162,910, he has a recognized of s If Alfred sells the property for $96,265, he has a recognized of s
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