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Bob White buys Pepsi stock for $5,00 on Jan. 2, 2019 and exchanges it for a baseball card of Mickey Mantle (fmv $10,000) on July

Bob White buys Pepsi stock for $5,00 on Jan. 2, 2019 and exchanges it for a baseball card of Mickey Mantle (fmv $10,000) on July 1, 2020. Discuss the income tax consequences.

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