Income from dealings in property (real, personal, or mixed) is the gain or loss derived: (2011 Bar Question)

The question

Income from dealings in property (real, personal, or mixed) is the gain or loss derived: (2011 Bar Question)

1. A.only from the cash sales of property.
2. B.from cash and gratuitous receipts of property.
3. C.from sale and lease of property.
4. D.only from the sale of property.

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