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Tax Drill - Property Transactions Rebecca sells her personal scooter for $550. She purchased the...

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Tax Drill - Property Transactions Rebecca sells her personal scooter for $550. She purchased the scooter for $700 three years ago. She also sells a painting for $1,200which she acquired five years ago for $900. Rebecca has a painting. Rebecca only will recognize the gain or loss associated with the realized on the scooter and a realized on the

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