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Acme, repurchases 50% of Tom's stock for $125,000 and 50% of Jerry's stock for $125,000. How much income is taxed to Tom and Jerry assuming
- Acme, repurchases 50% of Tom's stock for $125,000 and 50% of Jerry's stock for $125,000. How much income is taxed to Tom and Jerry assuming that the repurchase is treated as a stock redemption?
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