Business
Business, 23.10.2019 23:00, braydenmcd02

In 2014, harold purchased a classic car that he planned to restore for $12,000. however, harold is too busy to work on the car and he gives it to his daughter julia in 2018. at this time, the fair market value of the car has declined to $10,000. harold paid no gift tax on the transaction. julia completes some of the restoration herself with out-of-pocket costs of $5,000. she later sells the car for $30,000. what is julia’s recognized gain or loss on the sale of the car? $0 $13,000 $15,000 $18,000 none of the above

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, northpolea
Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.
Answers: 3
image
Business, 22.06.2019 01:00, nikki225
Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?
Answers: 3
image
Business, 23.06.2019 01:30, paigehixson342
True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.
Answers: 1
image
Business, 23.06.2019 04:40, screamqueen
Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking
Answers: 1
Do you know the correct answer?
In 2014, harold purchased a classic car that he planned to restore for $12,000. however, harold is t...

Questions in other subjects: