Return to the facts of problem 50. How would your answer change if Yorgi purchased the qualified

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Return to the facts of problem 50. How would your answer change if Yorgi purchased the qualified small business stock in Gnu Company, Inc. on September 15, 2011, and sells the shares for $400,000 on December 31, 2017?


Data from problem 50

Yorgi purchases qualified small business stock in Gnu Company, Inc., on September 15, 2008, for $50,000. She sells the shares for $400,000 on December 30, 2017. The stock retains its qualified small business status through the date of the sale.

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Concepts In Federal Taxation 2018

ISBN: 9781337386074

25th Edition

Authors: Kevin E. Murphy, Mark Higgins

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