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Business, 28.10.2020 17:10 ityeoboy2210

Tan, Inc., sold a forklift on April 12, 2020, for $8,000 (its FMV) to its 100% shareholder, Ashley. Tan's adjusted basis for the forklift was $12,000. Ashley's holding period for the forklift:

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Tan, Inc., sold a forklift on April 12, 2020, for $8,000 (its FMV) to its 100% shareholder, Ashley....
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