Your supervisor has asked you to research the following situation concerning Owen and Lisa Cordoncillo. Owen and
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Go to the IRS Web site (www.irs.gov). Locate and review Publication 544, Chapter 1, Nontaxable Exchanges. Write a file memorandum stating the amount of Owen and Lisa's gain recognition for 2012. Also determine the effect, if any, of the subsequent sale in 2013. (An example of a file memorandum is available at the Web site for this text located at www.cengagebrain.com.)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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