(Solution) - Aziza is the sole owner of Azi s Fast Pizza During -(2025 Original AI-Free Solution)

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Aziza is the sole owner of Azi's Fast Pizza. During the current year, Azi's replaces its fleet of delivery vehicles. Aziza's son purchases one of the old vehicles for $500, its tax basis to Azi's. Similar vehicles are sold for $4,000. What tax problem is posed by this situation? Explain who, if anyone, should report income from the transaction.