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Income Tax Planning
Chapter 10: Basis Rules, Depreciation, and Asset Categorization/AMOUNT REALIZED
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 10: Basis Rules, Depreciation, and Asset Categorization

AMOUNT REALIZED

01.Core Concepts

• The sum of: • Money received, plus • The FMV of property received in the exchange, plus • Liabilities shed • Results from sale or other disposition: • Trade-ins • Casualties • Condemnation • Theft