Alice, the sole shareholder of QLP, decided that she would purchase a building and then lease it

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Alice, the sole shareholder of QLP, decided that she would purchase a building and then lease it to QLP. She leased the building to QLP for $1,850 per month. However, the IRS determined that the fair market value of the lease payment should only be $1,600 per month. How would the lease payment be treated with respect to both Alice and QLP?

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Of the total 1850 lease payment toAlice 1600 ...View the full answer

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Hassan Imtiaz

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