Examlex
Match the term with the most appropriate description.
-constricted region where duplicated chromosomes are attached to each other
Recognized Gain
The profit earned from the sale of an asset that must be reported for tax purposes.
Adjusted Basis
The original cost of a property adjusted for improvements, depreciation, and certain other factors, used to calculate capital gains or losses.
Fair Market Value
The price that property would sell for on the open market, often used in the context of real estate and tax assessments.
Recognized Gain
The amount of gain that is subject to tax in the year of a transaction.
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