Examlex
Destruction of tissue by intensely cold temperatures is called __________.
FMV
Fair Market Value, the price that property would sell for on the open market.
Basis
The amount of investment in property for tax purposes; used to determine the gain or loss on the sale, exchange, or disposal of the property.
Taxable Gain
The profit arising from the sale or exchange of an asset that is subject to income tax.
Charitable Contribution
Donations made to qualified organizations that may be tax-deductible for the donor.
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