Thus, any taxpayer needs capital gains to absorb any possible capital losses. Ordinary income from rendering of services. Capital asset, which produces capital gain. Deduction of 50,000 for services received and paid for. Need adjusted basis.
Relationship is Eq.
After-tax cash flow. The difference is in Eq. There will also be 40,000 cash inflow in two years. The difference is in Eq. There will also be 40,000 cash inflow in two years.