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Carla inherited 300 shares of stock, 100 shares of Key Equipment Corporation and 200 shares of Bama box Company. She has a stockbroker sell the
Carla inherited 300 shares of stock, 100 shares of Key Equipment Corporation and 200 shares of Bama box Company. She has a stockbroker sell the shares for her, uses the proceeds for personal expenses, and thinks nothing further about the transactions. What issues does she face when she prepares her Federal income tax return?
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