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Question 42 of 75. What tax event must take place when a taxpayer receives a Form 1099-A? O Ordinary income from the cancellation of debt
Question 42 of 75. What tax event must take place when a taxpayer receives a Form 1099-A? O Ordinary income from the cancellation of debt must be determined. Gain or loss from the sale of property must be calculated. The loss from foreclosure of property must be subtracted from wage incom Ordinary income from the abandonment of property must be calculated. Mark for follow up
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