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If an option to purchase a leased property is not fulfilled by the option end date, what are the tax impacts to the seller? The
If an option to purchase a leased property is not fulfilled by the option end date, what are the tax impacts to the
seller?
The seller must report the option and rent payments as a loss.
The seller must report the option payments as an addition to the basis.
The seller must report the option payments received as ordinary income
The seller must report the rent payments as an addition to the basis.
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
