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Sonya, who is single, owns 20,000 shares of Malthouse Corporation stock. She acquired the stock in 2016 for $75,000. The stock is qualifying small-business stock.
Sonya, who is single, owns 20,000 shares of Malthouse Corporation stock. She acquired the stock in 2016 for $75,000. The stock is qualifying small-business stock. On August 12, 2019, Sonya's father tells her of a rumor that Malthouse will file for bankruptcy within the next week. The next day, Sonya sells all her shares of Malthouse for $20,000.
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