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In 2019, the city of Houston donates land worth $550,000 to club corporations to induce it to locate in Houston and create an estimated 2,000
In 2019, the city of Houston donates land worth $550,000 to club corporations to induce it to locate in Houston and create an estimated 2,000 jobs for its citizens.
How much income, if any, must Club report on the land contribution?
Club Corporation must report income on the land contribution of ---------
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