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Author Question: In September of 2016, Michelle sold shares of qualified small business stock for $1,000,000 that had ... (Read 76 times)

Brittanyd9008

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In September of 2016, Michelle sold shares of qualified small business stock for $1,000,000 that had a basis of $200,000. She had held the stock for 17 months. Forty-five days after the sale she purchased other qualified small business stock for $1,100,000. How much of the gain will she recognize?
◦ $ 0
◦ $100,000
◦ $800,000
◦ $900,000


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Marked as best answer by Brittanyd9008 on Sep 13, 2020

ambernicolefink

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Brittanyd9008

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Reply 2 on: Sep 13, 2020
Excellent


AngeliqueG

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

 

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