Question

Identify the tax issue or issues suggested by the following situations and state each issue in the form of a question.
At the beginning of the year, Ms. A owned 2,900 shares of SBS stock with a basis of $32 per share. SBS paid a 50 percent stock dividend and Ms. A received 1,450 additional SBS shares. Before this dividend, the market price per share was $90. After the dividend, the price fell to $65.


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  • CreatedNovember 03, 2015
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