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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 $ and an adjusted cost base ACB of $ Lot # was sold to a related corporation for $ and Lot # to the spouse for $ No tax election was filled for either sale. What amount s would be included in the individuals net income?
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