Explain how a donee can sell investment property received by gift and recognize neither rain nor loss

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Explain how a donee can sell investment property received by gift and recognize neither rain nor loss when the selling price differs for the donee's adjusted basis. Give examples.

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Feb 16, 2018 07:30 AM

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Explain how a donee can sell investment property received by gift and recognize neither rain nor loss

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Income Tax Fundamentals 2013

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