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Author Question: On May 18, of last year, Yuji sold unlisted stock with a cost of $12,000 for $30,000. Yuji collected ... (Read 33 times)

fox

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on: Sep 13, 2020
On May 18, of last year, Yuji sold unlisted stock with a cost of $12,000 for $30,000. Yuji collected $10,000 initially and is scheduled to receive $5,000 each year for four years starting this year plus an acceptable rate of interest. After receiving the first scheduled $5,000 payment, Yuji was unable to collect any further payments. After incurring legal fees of $500, Yuji recovered a portion of the stock valued at $13,000. Yuji's basis in the recovered stock is
◦ $6,500.
◦ $7,000.
◦ $12,500.
◦ $13,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by fox on Sep 13, 2020

ecox1012

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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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fox

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

coreycathey

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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