Question
On February 12, 2012, James acquired stock in ABC Co. for $150,000. ABC Co. is a qualified small business at the time stock issued. On
On February 12, 2012, James acquired stock in ABC Co. for $150,000. ABC Co. is a qualified small business at the time stock issued. On March 10, 2018, James sole the entire
stock for $280,000 to his friend. What will be the tax consequences of James for 2018?
| A. | $130,000 realized and recognized gain | |
| B. | $280,000 recognized gain | |
| C. | $280,000 realized gain and $0 recognized gain | |
| D. | $0 recognized gain |
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Night Comes To The Cumberlands A Biography Of A Depressed Area
Authors: Harry M. Caudill
1st Edition
1334682070, 978-1334682070
