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If the fair rental value of the building is 30000 what are

Question - Amy is the sole shareholder of Garnet Corporation. During the year, Amy leases a building to Garnet for a monthly rental of $40,000. If the fair rental value of the building is $30,000, what are the income tax consequences to the parties involved?

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Accounting Basics: If the fair rental value of the building is 30000 what are

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Accounting Basics: If the fair rental value of the building is 30000 what are

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