which of the following is correct. What tax event must take place when a tax...
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Accounting
which of the following is correct. What tax event must take place when a tax payer receives a Form 1099-A?
-Ordinary income from the cancellation of debt must be determined.
_Gain of loss from the sale of peoperty must abe calculated.
_The loss from forceclosure of property must be subtracted from wage income
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