Question: 1 - Your 1 0 4 0 client sold her business to her son for a $ 3 0 , 0 0 0 loss. What

1-Your 1040 client sold her business to her son for a $30,000 loss. What is the tax impact?
2-Your client is filing MFJ and has sold a house for a gain of $50,000. They lived in the house for the past 3 years. How much of that is taxable?

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