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US income tax act Alioune sells a car to Perry with an adjusted basis of $10,000 for cash of $30,000 and a gold watch worth

US income taximage text in transcribed act

Alioune sells a car to Perry with an adjusted basis of $10,000 for cash of $30,000 and a gold watch worth $15,000. The car is subject to a $25,000 debt, which Perry assumes. How much is Alioune's realized gain or loss on the sale

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