How will this sale affect bert''s 2013 agi


Rita died on January 1, 2013 owning an asset with a FMV of $730,000 that she purchased in 2007 for $600,000. Bert inherited the asset from Rita. Bart sels the asset for $800,00 on August 20,2013. How will this sale affect Bert's 2013 AGI?

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Accounting Basics: How will this sale affect bert''s 2013 agi
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