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58. members of his family were interested in purchasing the stock. In order to preserve the loss deduction, which of the following family members should Ralph sell his stock to? Grandfather a. Half-sister b. Ralph, Inc. (Ralph’s 51% owned corporation) c. Cousin d. Which of the following statements is not true concerning installment reporting?59. At least one payment is to be received after the close of the year in which a sale of property is made. On January 1, 2010, Daniel Durrow owned rental property which had an adjusted basis to him of $250,000. 60. Daniel made the following expenditures during 2010: Ordinary painting of building$ 5,000Repair of roof section (useful life not appreciably extended)2,500Legal fees paid to defend title10,000Property taxes6,000Assessment for local street improvement (value of property increased greatly)15,000Not considering depreciation, what is Daniel’s basis in the property at year-end?