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Mary purchased $100,000 worth of Microsoft stock in 2000. In 2017, Mary sold the Microsoft stock for $2,100,000 to an unrelated party. A. What is

Mary purchased $100,000 worth of Microsoft stock in 2000. In 2017, Mary sold the Microsoft stock for $2,100,000 to an unrelated party.

A. What is Marys recognized gain?

B. If Mary is in the 39.6% marginal tax bracket and the stock was the only property that Mary disposed of during the year, what is Marys tax liability as a result of the recognized gain? Do not include any possible NIIT.

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