undefined QUESTION 6 In 2001 Amal purchased land for $87.000 for use in her...
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QUESTION 6 In 2001 Amal purchased land for $87.000 for use in her landscape business. She sold it this year for $93.000. If Amal has no other sales of business or trade property, how will this gain be taxed? S6 000 short-term capital gain $6.000 long-term capital gain $6.000 ordinary income $6.000 Section 1231 gain which is reported as long term captial gain
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