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topfiverecords · 03-24-2021, 08:53 PM

If a corporation bought a large amount of steel rods and warehouses them until steel prices rose is that a taxable investment? Or is profit after expenses taxable as business income?

03-24-2021, 08:53 PM	#1270
topfiverecords Franchise Player Join Date: Feb 2010 Location: Park Hyatt Tokyo Exp:	If a corporation bought a large amount of steel rods and warehouses them until steel prices rose is that a taxable investment? Or is profit after expenses taxable as business income?