Question

taxpayers can recognize a taxable gain on the sale of an asset even though an asset's real economic value has startstrue or false true, unselectedfalse, unselected group ends

Answer 1

Taxpayers can recognize a taxable gain on the sale of an asset even though an asset's real economic value has started. Therefore given statement is true.

Step-by-step explanation:

True. Taxpayers can recognize a taxable gain on the sale of an asset even though an asset's real economic value has started. In the United States, gains from private investments are subject to capital gains taxes. Whether or not the real economic value of an asset has started or not, the taxpayer is still required to report and pay taxes on any capital gain realized from the sale of the asset.