1. Jason purchased a jewelry box at a flea market for $20. He took the box to Antique Road show and discovered that the box was actually worth $5000. Does Jason realize any gross income?
2. Taxation Research Case
Requirements:
1. Typewritten, double-spaced, 81/2" x 1 1" format (see attached) with no more than 1-2 pages of discussion and explanation in answer to the question.
2. Although you are free to discuss the assignment among you, only individual papers are acceptable. The College's policies concerning academic integrity will apply.
3. Citations must be made from the Internal Revenue Services ' Publications at irs. gov.
Attachment:- taxation.rar