Business, 21.11.2019 21:31 arielpraczko1

Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. the fair market value of the condominium is $120,000. what is luciana’s basis in the condominium and the amount of any income as a result of this purchase?

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Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. the fair market val...