Chans only transaction in the United States this year was to sell the biggest office building in

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Chan’s only transaction in the United States this year was to sell the biggest office building in Denver at a

$100 million gain. Chan has no assets, offices, or employees in the United States. Can he be taxed on the gain? Why or why not?

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Federal Tax Research

ISBN: 9781111221645

9th Edition

Authors: William Raabe, Gerald Whittenburg, Debra Sanders, Roby Sawyers, Steven Gill

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