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In the following year, Vail sells the securities for 80000. Calculate the amount of built in gains tax owed by Vail as a result of
In the following year, Vail sells the securities for 80000. Calculate the amount of built in gains tax owed by Vail as a result of the sale Assume Vail has 95000 taxable income for the current year. How much gain will the shareholders report related tot he sale
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