Sopra Company is a closely-held corporation. Tony owns 60%, Carmella owns 20% and Meadow owns 20%, and all are related. Sopra Company has very large E&P. It was audited this year by the IRS and several issues were identified. Indicate the potential tax consequences of each issue.

a. Tony sold property held as a capital asset to Sopra Company for $400,000 when its FMV was $300,000.

b. Sopra Company paid Meadow a salary of $200,000 but the IRS determines that $60,000 was unreasonable.

c. Sopra Company lent Carmella

$100,000 four years ago, Carmella has not paid any interest nor has she repaid any part of the loan.

d. Tony leases property to Sopra Company for $400,000 per year. Normal rental value is $200,000 per year.