During her vacation, Janita found a gold bar from a sunken ship while she was scuba diving

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During her vacation, Janita found a gold bar from a sunken ship while she was scuba diving off Texas.
Identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of each issue that you identify.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:43 AM

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During her vacation, Janita found a gold bar from a sunken ship while she was scuba diving

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The issue is whether Janita has income from finding the gold bar Janitas wealth has ...View the full answer

Concepts In Federal Taxation

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