Images inc sells propertty with a bisis of 20000 and a

Reference no: EM13484428

Images Inc. Sells propertty with a bisis of $20,000 and a value of 50,000 to its individule majority shareholder. What are the tax consequences to both parties if the sleeing price is the following amount: a. $35,000. b. $65,000.

Reference no: EM13484428

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