A taxpayer sells a patent on a new algorithm for a gain.Which taxpayer will be allowed capital gain treatment for the sale? Assume that the patent had not been placed in service as of the acquisition date.
A)a sole proprietor who purchased the patent from the inventor
B)a corporation who purchased the patent from the inventor
C)both of the above
D)none of the above

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The Answer of A taxpayer sells a patent on a new algorithm for a gain.Which taxpayer will be allowed capital gain treatment for the sale? Assume that the patent had not been placed in service as of the acquisition date.
A)a sole proprietor who purchased the patent from the inventor
B)a corporation who purchased the patent from the inventor
C)both of the above
D)none of the above

A Taxpayer Sells a Patent on a New Algorithm for a Gain.Which