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Joe is the sole shareholder of JH Corporation. Joe sold his stock to Ethan on October 31 for $150,000. Joe's basis in JH stock was

Joe is the sole shareholder of JH Corporation. Joe sold his stock to Ethan on October 31 for $150,000. Joe's basis in JH stock was $50,000 at the start of the year. JH distributed land to Joe immediat...

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