Question: Redact a client letter that explain the research answer to the taxpayer according to the following tax case: In a meeting with her tax adviser,

Redact a "client letter" that explain the research answer to the taxpayer according to the following tax case: In a meeting with her tax adviser, a taxpayer indicated that she recently sold depreciable real property and would like her adviser to review the transaction and provide advice on the potential tax consequences. The taxpayer does not believe she should have a tax issue since the sales price is very close to the acquisition cost. (Adapted from AICPA SSTS No. 7, FAQ number 1)

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