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Monicas friend Richard gifted an antique mustache comb to Chandler. Its fair market value is...

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Accounting

Monicas friend Richard gifted an antique mustache comb to Chandler. Its fair market value is $1,100 upon date of transfer and Richards cost to acquire the comb was $50. Chandler sold the comb for $600 in 2020. How Would Chandler report this on his tax return?

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