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Nguyen is in the 37% marginal tax bracket. Nguyen has a large portfolio of investment stock. This year, he sold 1 share of X Corp.
Nguyen is in the 37% marginal tax bracket. Nguyen has a large portfolio of investment stock. This year, he sold 1 share of X Corp. stock for $1,000,000. He originally purchased the share 10 years ago for $100,000. Which of the following is most accurate? Multiple Choice Nguyen should have waited until next year to sell the X Corp. stock in order to take advantage of the preferential tax rates that apply to long-term capital gains o Nguyen should be aware of the wash sale rules as the rules could disallow his gain on the sale of his X Corp. stock 0 Nguyen will recognize $1,000,000 in gross income as a result of the stock sale Nguyen should consider engaging in tax loss harvesting to potentially lower his tax liability on the sale of the X Corp. stock o Nguyen should consider engaging in tax gain harvesting to potentially lower his tax liability on the sale of the X Corp. stock
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