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1. Apatit of real estate (land) is sold for $20,000,000 and was originally purchased for $10.000.000. On a table uk explains


II. A particular parcel of real estate (land) is sold for $20,000,000 and was originally purchased for $10,000,000. On a taxa
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Long term capital gain is taxable at 20%..........$10,000,000 is the capital gain......$10,000,000×20%=$2,000,000

Option (b) $2,000,000 of tax

Thank you for the Question......kindly rate.....it helps me a Lot

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