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Antoine sold the following stock in 2016. ABC, Inc., is a 1202 qualified small business (QSB). (Asset Cost, Acquired Sale, Price, Sale Date) ABC, Inc.
Antoine sold the following stock in 2016. ABC, Inc., is a 1202 qualified small business (QSB). (Asset Cost, Acquired Sale, Price, Sale Date) ABC, Inc. 250 shares: $ 192,500, 1/10/08 $ 246,000, 4/30/16 DEF, Inc. 160 shares: 35,200, 11/15/12, 28,000, 2/28/16 GHI, Inc. 80 shares: 33,760, 3/31/15, 29,600, 8/30/16
Find amount realized
Find amount recognized
What IRC section
After netting, what is the total gain or loss?
If Antoine is in the 33% tax rate bracket, at what rate is the net gain or loss taxed?
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