Related party transaction

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  • KWF
    Member
    • Dec 2007
    • 63
    #1

    Related party transaction

    A father-in-law sells a piece of farmland to his son-in-law at a loss. Is this a related party transaction?
    Tags: None
    • Mo Sheets
      Senior Member
      • Jan 2009
      • 170
      #2
      I would say yes...

      I would say yes because the son-in-law is married to his daughter (related-party). No loss can be recognized until later sold to an unrelated party.

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        • TXEA
          Senior Member
          • Feb 2014
          • 329
          #3
          This would be a related party transaction.

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