Upon the Sale of Property,a Portion of the Selling Price

question 62

True/False

Upon the sale of property,a portion of the selling price equal to the basis in the property is considered a return of capital to the seller and is,therefore,not taxable.

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Definitions:

Negotiation

A dialogue between two or more parties aimed at reaching a consensus or resolving differences.

Indirect Tie

A relationship or connection between entities through an intermediary rather than a direct link.

Strength-of-ties Perspective

A theory in social science that examines the value and impact of the strength of interpersonal relationships within networks.

Networking Site

A platform on the internet where individuals can connect, share, and interact with others for personal or professional networking.