Virgil Was Leasing an Apartment from Marple, Inc

question 38

Multiple Choice

Virgil was leasing an apartment from Marple, Inc. Marple paid Virgil $1,000 to cancel his lease and move out so that Marple could demolish the building. As a result:

• A) Virgil has a $1,000 capital gain.
• B) Virgil has a $1,000 capital loss.
• C) Marple has a $1,000 capital loss.
• D) Marple has a $1,000 capital gain.
• E) None of the above.

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