nakiacouncilbro1632 nakiacouncilbro1632
  • 28-02-2024
  • Business
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Angel purchased property as an investment on May 11, 2021, for $63,000. On April 26, 2022, Angel sold the land for $97,000 cash. What is the nature of the gain or loss?
a) Capital Gain
b) Capital Loss
c) Ordinary Gain
d) Ordinary Loss

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