Kirby,the sole shareholder of Falcon,Inc. ,leases a building to the corporation.The taxable income of the corporation for 2012,before deducting the lease payments,is projected to be $300,000.

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The Answer of Kirby,the sole shareholder of Falcon,Inc. ,leases a building to the corporation.The taxable income of the corporation for 2012,before deducting the lease payments,is projected to be $300,000.

Kirby,the Sole Shareholder of Falcon,Inc