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QUESTION 26 Amelia owns a sbity-five percent (65%) interest in the AM Partnership Amelia sells Land that she inherited from her mother to the Partnership

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QUESTION 26 Amelia owns a sbity-five percent (65%) interest in the AM Partnership Amelia sells Land that she inherited from her mother to the Partnership for $26,000. Amelia had an Adjusted Basis of $44,000 in the Land. Amelia's Recognized Loss for the sale of the Land is $11.700 $18,000 $44,000 OS -0

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