Question: 7. Give an example and explain two adjustments to basis. 8. Read, summarize facts, and discuss holding and reasoning in Willamette Ind. v Comm., 118

7. Give an example and explain two adjustments to basis.

8. Read, summarize facts, and discuss holding and reasoning in Willamette Ind. v Comm., 118 T.C. 126 (2002)

Bonus: Bill Mea, local attorney, gave out candy at his house to trick or treaters with his business card attached. Can he deduct the cost of the candy? Explain.

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