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Assume 2018 tax year 46. Linda bought 1,000 shares of stock for $10 each during the tax year. On 12/31, when the stock was valued
Assume 2018 tax year
46. Linda bought 1,000 shares of stock for $10 each during the tax year. On 12/31, when the stock was valued at $12, she sold 400 shares. At year end, which best describes this taxpayers gains? a. $0 unrealized gain; $0 realized gain; $0 recognized gain b. $1,200 unrealized gain; $800 realized gain; $2,000 recognized gain c. $1,200 unrealized gain; $800 realized gain; $800 recognized gain d. $0 unrealized gain; $2,000 realized gain; $2,000 recognized gain
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