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Peyton sells an office building for 1,000,000 of cash and the purchaser will assume a 50,000 mortgage held on the property. Peyton will pay broker
Peyton sells an office building for 1,000,000 of cash and the purchaser will assume a 50,000 mortgage held on the property. Peyton will pay broker commissions of 9,000. Peyton's adjusted tax basis is 250,000. What is Peyton's Realized Gain on sale? 791,000 0 750,000 741,000 900,000
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