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What is the amount of forest gain or loss

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Reference no: EM131941944

Question - Eugene Forest sold the following assets: stocks acquired 5 year ago (cost $10,000) for $15,000; business equipment held 3 years (cost $28,000) adjusted basis $22,000 for $30,000; inventory held 2 years ( cost $11,000) for $14,000 and personal car held for 2 years (cost $8000) for $12000. What is the amount of Forest sec.1231 gain or loss?

Reference no: EM131941944

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