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Author Question: In 2014 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2015, Blue ... (Read 93 times)

nautica902

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on: Sep 13, 2020
In 2014 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2015, Blue declared a stock dividend of one share of its common stock for each 10 shares held. This year, 2016, Blue's common stock split 2 for 1 at a time when the FMV was $80 a share. What is Toni's basis in each of her shares of the Blue Corporation stock if both of the earlier stock dividends were tax-free?
◦ $24 per share
◦ $48 for 110 shares and $0 for all additional shares
◦ $52.80 for 100 shares and $0 for all additional shares
◦ $80 per share
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by nautica902 on Sep 13, 2020

Jayson

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nautica902

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

cam1229

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Reply 3 on: Yesterday
Wow, this really help

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