rrelaxed4429 rrelaxed4429

21-05-2024
Business

Answered

Ben was leasing an apartment building from Jerry. Jerry paid Ben $5,000 to cancel his lease and move out so that Jerry could convert the space to commercial real estate. As a result:
a. Ben has a $5,000 capital loss.
b. None of the choices shown are correct.
c. Jerry has a $5,000 capital loss.
d. Jerry has a $5,000 captial gain.
e. Ben has a $5,000 capital gain.

Answer :

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