Question: ??????? Scott sells land with a ( $ 64,000 ) adjusted basis for ( $ 60,000 ). He incurs selling expenses of ( $ 4,500

??????? Scott sells land with a $ \$ 64,000 $ adjusted basis for $ \$ 60,000 $. He incurs selling expenses of $ \$ 4,500 $. The land is subject to a $ \$ 10,000 $ mortgage. The buyer, who assumes the 2 answers

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