8zimek
8zimek 8zimek
  • 25-03-2024
  • Mathematics
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Alexa Watson buys and sells real estate. On December 31, 20X1, her inventory of property included a tract of undeveloped
land for which she had paid $450,000. The fair market value of the land was $900,000 at that date. How much income shou
Watson report for 20X1 in connection with this land?

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