Inez is a freelance artist. She purchased 10 acres of land in 2015 for $5,000. On July
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Inez is a freelance artist. She purchased 10 acres of land in 2015 for $5,000. On July 15, 2020, the land is condemned by the county government to build a new courthouse and jail facility. The county awards Inez $35,000 for the condemnation of the land. Inez uses the proceeds to purchase a building that she will use as a production studio for her artwork.
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Related Book For
Concepts In Federal Taxation 2021
ISBN: 9780357141212
28th Edition
Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg
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