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During the current year, Stan sells a tract of land for $800,000. The property was...

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Accounting

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During the current year, Stan sells a tract of land for $800,000. The property was recelved as o oft from Maxine on Warch 10, 1895, when the property had a $310,000 fair manket value (FMV). The $12,000, In order to seil the property, Stan paid a sales commistion of $16,000. Read the requitements. Requirement a. Whot is Starrs realtred pain on the nale? Minius: Realized gain

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