Neither A nor B has gross income. J was the all-time top salesperson for Third Millennium Realty. The following two questions relate to the following facts. A has neither gross income nor loss. Later the same year, it was discovered that yellowacre was a toxic waste dumb.
L has no other assets.
L has neither gross income nor loss. Two months thereafter, H dies. Her life expectancy is twenty years. W elects the latter option. Unpaid installments accrue interest at the applicable federal rate.