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Emma owns 40% of FitMe, Inc. She sells the corporation workout equipment with a fair market value of $45,000. The corporation pays Emma $55,000 for

Emma owns 40% of FitMe, Inc. She sells the corporation workout equipment with a fair market value of $45,000. The corporation pays Emma $55,000 for the equipment. How much income, if any, does Emma need to report on her personal income tax return?

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