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  • How To Figure Whether You Have a Gain or Loss IF your...THEN you have a...Adjusted basis is more than the amount realized, Loss.Amount realized is more than the adjusted basis, Gain.taxmap/pubs/p544-001.htm#en_us_publink100072269Basis.(p3)You must know the basis of your property to determine whether you have a gain or loss from its sale or other disposition.
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