Identify the tax issue or issues suggested by the following situations, and state each issue Ms$.$ Laguna plans to structure a transaction as a legal sale of property, even though the economic substance of the transaction is a lease of the property. In her current position, the tax consequences of a sale are much more favorable than those of a lease. Ms$.$ Laguna believes that if her position unexpectedly changes so that she would prefer a lease to a sale, she can ignore the legal formalities and report the transaction as a lease.e in the form of a question.