1.Subject:Business Income vs.property income Joana Bullato, becuase of her great fondness for his music, has purchased the rights to one song will total about $35,000 per year for the next few years. She has no plans to buy any additional sonh rights. Explain wheter the royalties she receives would be treated as business income or property income. In addition, indicate how any gain or loss in a disposition of the rights would be taxed. 2.Subject: Business Income Vs. Capital gain During 2020, Sandra Von Arb acquired a four- unit apartment building for $230,000. While it was her intention to operate the building as a rental property, one month after her purchase she recieved an unsolicited offer to purchase a building for $280,000. She accepts the offer.Should the $50,000 be treated as a capital gainor as business income? Justify your conclusion. 1.Subject:Business Income vs.property income Joana Bullato, becuase of her great fondness for his music, has purchased the rights to one song will total about $35,000 per year for the next few years. She has no plans to buy any additional sonh rights. Explain wheter the royalties she receives would be treated as business income or property income. In addition, indicate how any gain or loss in a disposition of the rights would be taxed. 2.Subject: Business Income Vs. Capital gain During 2020, Sandra Von Arb acquired a four- unit apartment building for $230,000. While it was her intention to operate the building as a rental property, one month after her purchase she recieved an unsolicited offer to purchase a building for $280,000. She accepts the offer.Should the $50,000 be treated as a capital gainor as business income? Justify your conclusion