In 2011, Charlie paid $8,400,000 million cash to Venice Corporation to acquire some of its common stock, which is qualified small business stock. In 2023, he sells the stock for $11.2 million. K Read the requirements. The amount of gain that must be included in Charlie's gross income is Requirement b. Suppose Charlie acquired the Venice stock in 2019. How much gain must he include in his 2023 gross income? (Enter a "0" if none of the gain must be included in the taxpayer's gross income) $ 0 Under this condition, the amount of gain that must be included in Charlie's gross income is Requirement c. Can Charlie avoid recognizing gain by purchasing replacement stock? $ 2,800,000 If Charlie purchases replacement stock, the recognized gain can be avoided if purchased within 60 days Requirement d. Suppose Charlie paid $900,000 cash in 2011 to acquire the Venice stock How much gain must he include in his 2023 gross income? (Enter a "0" if none of the gain must be included in the taxpayer's gross income) The amount of gain that must be included in Charlie's gross income is 0 +

5112 milkon Erad the iendements. The arnount of gan thut must be inciuded in Chalers gross ncome is indiobod in tev tapeyers gross income ) In 2011, Charle paid \$8,400,000 milton cash to Venice Corporation to acquire some of its common stock, which is qualifed small busanese stock in 2023 , he sells the stock, for $112 milion Readilie requitements. The amount of gain that must be included in charle's gross income is Requirement b. Suppose Charle acquaed the Venice stock in 2019 . Haw much gain must he include in his 2023 gross income? (Enter a 00 if none of the gan must be inctuded in the tappayer's gross income) Under this condition, the amount of gan that must be included in Charbe's gross income is: Requirement c. Can Charlic avoid recogncing gan by purchasing replacement stock? If Charlie purchises replacement stock, the recognized gan car be avofed Requirement d. Suppose Charbe paid $900,000 cash in 2011 to acquire the Venice stock How much gain must he include in his 2023 gross income? (Enfer a "O if none of the gain must be induded in the taxpayer's gross incomes? The amourt of parn that must be included in Churlie's gross income is