Quote:
Originally Posted by 6GOAT789
Why would the taxable income be $700?
Why would there be taxes on something that wasn’t sold? For all anyone knows, the 3 other boxes could be kept forever, unless they’re sold
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Why would there not be taxable income of $700? You bought 7 boxes at $100 each and sold those boxes at $200 each. That's $700 of income. How could there be another answer?
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