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In February 2019, Dakota inherited stock from her father. The stock had a basis of $5,000 to her father, but the value was $9,000 when
- In February 2019, Dakota inherited stock from her father. The stock had a basis of $5,000 to her father, but the value was $9,000 when Dakota inherited it. In September of 2019, Dakota received a $949 dividend from the stock. What amount of income should Dakota report from the stock in 2019?
| a. | $5,949 | |
| b. | $949 | |
| c. | $9,949 | |
| d. | $9,000 |
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Collaborative Auditing
Authors: James Pelletier, Yuki Matsuura
2nd Edition
0894139606, 9780894139604
