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Your answer is incorrect. Matthew sells a parcel of investment real estate and received $ 1 2 0 0 0 0 cash and stock with
Your answer is incorrect.
Matthew sells a parcel of investment real estate and received $ cash and stock with a fair market value of $ and basis
of $ Additionally, his $ mortgage on the property is assumed by the buyer. Matthew paid an attorney $ to execute the
sale. The week before the sale he paid $ to have a fence repaired on the property. His basis in the parcel of investment real estate is
$ What is Matthew's amount realized from selling the property?
$
$
$
$
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