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Lee purchased Elm Corporation stock 2 0 years ago for $ 1 0 , 0 0 0 . In the current year, they sell the

Lee purchased Elm Corporation stock 20 years ago for $10,000. In the current year, they sell the stock for $29,000. What is Lee's gain or loss?
a. $19,000 short-term
b. $3,000, with the excess carried forward
c. $19,000 long-term
d. $19,000 ordinary
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