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Theanswer is not $40,000 or $10,000. B purchased two parcels of land in 2016 for ( $ 50,000 ) each. Parcel 1 was purchased to

Theanswer is not $40,000 or $10,000. B purchased two parcels of land in 2016 for \( \$ 50,000 \) each. Parcel 1 was purchased to hold until its value increased and then offered for sale. Parcel 2 was purchased to build a rental property 2 answers

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