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Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received stock wi value of
Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received stock wi value of $ for her services. By the end of the year, the value of stock had decreased to $ She continued to hold the stock. Jud must recognize $ of gross income from the stock for the curren year. True False
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