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In 2010 and under 1202, Jordan excludes from gross income 75% of the realized gain of $80,000 on the sale of qualifying small business stock.
In 2010 and under 1202, Jordan excludes from gross income 75% of the realized gain of $80,000 on the sale of qualifying small business stock. As a result of this exclusion, Jordan will have an AMT preference in calculating AMTI of $40,000. Group of answer choices True False
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
4th Edition
1119607515, 978-1119607519
