Answer:
c. Christopher will have a dual basis for income tax purposes.
Explanation:
Due to the fact that the basis of Jane in the specific property was higher than the FMV of the property on the specific date that she gave out the property, therefore, the double basis principle will apply to Christopher. In addition, Christoper will not collect any additional basis for the tax paid on the gift. The correct answer is option c.
<u>Yes, that's allowed</u> to ethical for a Realtor to represent buyer and seller.
<h3>Briefing:</h3>
Transaction brokerage describes the circumstance to which you're referring. When your real estate professional represents a buyer client who is interested in buying the property in which you are the seller client, this service option is known as transaction brokerage.
<h3>Who is a called buyer?</h3>
In a buyer's call, a buyer and seller agree to purchase a commodity at a set price that is higher than the price of a futures contract for the same grade and quantity.
<h3>Who is called a seller?</h3>
Any person or organization that makes any kind of good, service, or financial asset available for purchase is a seller. Short selling is obtaining securities that are not one's own to sell in order to purchase them back at a cheaper cost. The term "writer" refers to a person who sells options and receives the premium from the buyer.
To know more about buyer and seller visit:
brainly.com/question/17217405
#SPJ4
How much taxes they take off
<span>Electronic scanners that track consumer purchases are examples of the observation method of marketing research.Because they observe it and checks whether it is the correct input and also it checks whether the pattern is match with the already inputted format. Without proper output of scanners we can't proceed the purchase.</span>
