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Unformatted text preview: Zane R. Tollis decided in 1993. This case can be found in CCH using the following citation: 65 TCM 1951, and in RIA using the following citation: TC Memo 1993-63. HINT: The two cited code sections distinguish between capital gains and ordinary income treatment for the sale of assets. The question to be answered in this case relates to the character of gain – capital vs. ordinary for the two types of assets being sold. Your score on this assignment will be determined as follows: Professional Format 2 Points Clearly Written 2 Points Identification of Issue 2 Points Citation of appropriate authorities 2 Points Conclusion Correct 2 Points Total 10 Points...
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This note was uploaded on 12/07/2010 for the course ACG 3361, 4401 taught by Professor Goldwater,canada,judd,byrd,theniel during the Spring '10 term at University of Central Florida.
- Spring '10