Explain how the following are determined on the sale or
Explain how the following are determined on the sale or exchange of a principal residence:
a. Realized gain
b. Recognized gain.
c. Postponed gain
d. Basis of new residence
(South-western federal taxation Individual income taxes 2014)
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explain how the following are determined on the sale or exchange of a principal residencea realized gainb recognized
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1 give an example of an error or a fraudulent act when accounting for production costs and related cost of goods sold2
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