sol purchased land as an investment on january 12, 2011 for $85000. On January 31,2017...
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sol purchased land as an investment on january 12, 2011 for $85000. On January 31,2017 , sol sold the land for $30000 cash. in additional , the purchaser assumed the mortgage of $70000 on the land . what is the amount of the realized gain or loss on the sale?
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