What is the gain or loss on the sale of the land

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Question: Please provide details and explanation and calculation for the answer

Bart sold a parcel of land for $21,000. He paid a real estate agent a commission of $1,500 for assisting with the sale. Bart had purchased the land several years earlier for $20,000. What is the gain or loss on the sale of the land?

Reference no: EM133443742

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