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Please show work! In 2007 Mary purchased 100 shares of $1244 stock for $330,000. In 2023 Joseph offers to buy the stock from Mary for
Please show work!
In 2007 Mary purchased 100 shares of $1244 stock for $330,000. In 2023 Joseph offers to buy the stock from Mary for $120,000. In 2023 Mary has $22,000 of long-term capital gain and ordinary income of $80,000. What is Mary's AGI for 2023 if she sells the shares to JosephStep by Step Solution
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