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An individual sold two lots of land, each with fair market value ( fmv ) of $ 3 0 , 0 0 0 and an

An individual sold two lots of land, each with fair market value (fmv) of $30,000 and an adjusted cost base (ACB) of $25,000. Lot #1 was sold to a related corporation for $40,000 and Lot #2 to the spouse for $15,000. No tax election was filled for either sale. What amount (s) would be included in the individuals net income?

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