On January 1, 2022, you plan to sell shares for $100,000- cost of these shares was $50,000.
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On January 1, 2022, you plan to sell shares for $100,000- cost of these shares was $50,000. Then you plan to lend $100,000 cash to your spouse, who will put the money in an investment and earn $4000 interest over the year. What are the tax consequences. Is there an alternative way of transferring this money to your spouse.
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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