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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

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. $3,000, with the excess carried forward b. $19,000 ordinary c. $19,000 long-term d. $19,000 short-term

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