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Mr. Beck sod real property with $140,000 adjusted basis for $148,000 cash and the buyer...

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Accounting

Mr. Beck sod real property with $140,000 adjusted basis for $148,000 cash and the buyer assumed Mr. Beck's $107,000 montage on the realty. Mr. Beck's realized gain or loss on sale is?

Sadie sold 10 shares of the stock to her brother, George, for $500 six months ago. Sadie had purchased the stock for $600 two years earlier. If George sells the stock for $700 six months later, what is the amount of George's recognized gains or loss in the current year?

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