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How much gain must g recognize on this sale

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Question - G sold a personal computer to his son for $2000. The computer was worth $3000, and G had a basis in the unit of $2200. G has made a gift of $1000 in this part-sale/part-gift.

A. How much gain, if any, must G recognize on this sale?

B. Would your answer differ if G's basis had been $1700?

Reference no: EM133176370

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