LO.3 Gina purchased an original issue discount bond several years ago. She paid $138,000 for the $200,000
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LO.3 Gina purchased an original issue discount bond several years ago. She paid
$138,000 for the $200,000 face value bond. She sold the bond this year for $173,000. Is all of Gina’s gain long-term capital gain? Why or why not?
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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