Sale of Business Property
Gain or Loss from Sales and Exchanges
You usually realize gain or loss when property is sold or exchanged. A gain is the amount you realize from a sale or exchange of property that is more than its adjusted basis. A loss is the adjusted basis of the property that is more than the amount you realize.
Need Professional Help?
If you need help with "Sale of Business Property" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.