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Author Question: This year, Jonathan sold some qualified small business stock that he acquired in December 2010. His ... (Read 65 times)

melly21297

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Question 1

This year, Jason sold some qualified small business stock that he acquired in 2008. His basis in the stock was $100,000 and he sold it for a $300,000 gain. How much of Jason's gain is taxable?
◦ $0
◦ $300,000
◦ $150,000
◦ $75,000

Question 2

This year, Jonathan sold some qualified small business stock that he acquired in December 2010. His basis in the stock was $100,000 and he sold it for a $300,000 gain. How much of Jason's gain is taxable?
◦ $0
◦ $300,000
◦ $150,000
◦ $75,000


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Marked as best answer by melly21297 on Sep 13, 2020

anoriega3

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melly21297

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


xoxo123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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