(Solution) - Tracy wants to take advantage of a terrific business opportunity -(2025 Original AI-Free Solution)

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Tracy wants to take advantage of a ?terrific business opportunity? by engaging in a transaction with Homer. Homer, domineering and impatient, wants Tracy to conclude the transaction within two weeks and under the terms proposed by Homer. Otherwise, Homer will offer the opportunity to another party. Tracy is unsure about the tax consequences of the proposed transaction. Would you advise Tracy to request a ruling? Explain.