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Section 179 is not allowed if listed property is used less than 50% for business. Select one: True False Your grandmother died and in her will she gave you stock that she bought ten years ago for $1,000. At the time of her death the stock had a fair market value of $11,000. You sell the stock one-month later for $12,000. What is your gain? a. $9,000 b. $3,000 c. $11,000 d. $10,000 e. $1,000