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Lisa loaned Ben $1,000. Ben is insolvent. Instead of paying back the loan in cash, Ben provided landscaping work at Lisa's house and Lisa accepted
Lisa loaned Ben $1,000. Ben is insolvent. Instead of paying back the loan in cash, Ben provided landscaping work at Lisa's house and Lisa accepted this as full satisfaction of the loan. The value of the landscaping work was $1,000. What are the federal income tax consequences to Ben
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The Financial Numbers Game
Authors: Charles W Mulford, Eugene E Comiskey
1st Edition
0471770736, 9780471770732
