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Sam traded a parcel of land for a tractor and a carHe had purchased the land five years earlier for $ 10,000. The market value
Sam traded a parcel of land for a tractor and a carHe had purchased the land five years earlier for $ 10,000. The market value of the car and tractor is $20,000 What is the amount of gross income resulting from this transaction? $20,000 0 $4,000 $10,000
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