Silo inc. sold investment land to ppr inc. for $110,000 cash. silo’s basis in the land was $145,000. mr. and mrs. j own 100 percent of the stock of both corporations. what is ppr’s tax basis in the land purchased from silo? ppr holds the land as an investment for seven years before selling it to an unrelated buyer. compute the gain or loss recognized if the amount realized on sale is: (1) $100,000, (2) $116,000, or (3) $150,000.

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?