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Danny purchased Microsoft Corporation stock 20 years ago for $10,000. In the current year, he sells the stock for $29,000. What is Danny's gain or

Danny purchased Microsoft Corporation stock 20 years ago for $10,000. In the current year, he sells the stock for $29,000. What is Danny's gain or loss?

Group of answer choices

$19,000 ordinary gain

$19,000 short term cain

$19,000 long term capital gain

no gain of loss is recognized on this transaction

$3,000 with the excess carried forward

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