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Business, 04.10.2020 05:01 miamassimino

Ross would like to dispose of some land he acquired five years ago because he believes it will not continue to appreciate. Its value has increased by $50,000 over the five-year period. He also intends to sell stock that has declined in value by $50,000 during the eight-month period he has owned it. Ross has four offers to acquire the stock and land. Identify the tax issues relevant to Ross in disposing of this land and stock. Buyer 1: Exchange land. Buyer 2: Purchase land for cash. Buyer 3: Exchange stock. Buyer 4: Purchase stock for cash.

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