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Nancy received 100 shares of stock at her uncle's death. At the date death, each share traded at a high of $300.00 and a low
Nancy received 100 shares of stock at her uncle's death. At the date death, each share traded at a high of $300.00 and a low of $250.00. When her uncle purchased the stock in 1985, he purchased it for $60.00 per share. i. What is Nancy's basis in the stock? ii. Nancy sold the stock three years after she received it for $400.00 for share? What is the realized gain
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