A taxpayer sells a patent on a new algorithm for a gain. Which taxpayer will be allowed capital gain treatment for the sale? Assume that the patent had not been placed in service as of the acquisition date.
A. a sole proprietor who purchased the patent from the inventor
B. a corporation who purchased the patent from the inventor
C. Both of the above.
D. None of the above.
Answer: A
You might also like to view...
How many categories are research designs classified into?
A) 4 B) 2 C) 3 D) 6 E) There is no specific number of research design categories.
Angeline manages a group of employees who she knows have the ability to perform, but who also feel like their performance doesn't matter much to the success of the company, and are therefore not concerned with doing a great job. Angeline may want to approach this group using a ______ management style to improve their collective performance.
A. participative B. results driven C. consultative D. empowering
A party who enters into a contract must have legal capacity
Indicate whether the statement is true or false
Identify the benefits and possible shortcomings of this system.
What will be an ideal response?