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Harry's grandfather owned stock that had a FMV of $50,000 and tax basis of $10,000 upon his date of death. Harry inherited this stock and
Harry's grandfather owned stock that had a FMV of $50,000 and tax basis of $10,000 upon his date of death. Harry inherited this stock and subsequently sold it for $30,000. As a result Harry recognized the following income tax consequence: Group of answer choices $20,000 loss $20,000 gain $30,000 gain $80,00 gain
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