Antoine sold the following stock in 2014. ABC, Inc., is a §1202 qualified small business (QSB). a.

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Antoine sold the following stock in 2014. ABC, Inc., is a §1202 qualified small business (QSB).

a. Complete the chart:

b. After netting, what is the total gain or loss?
c. If Antoine is in the 33% tax rate bracket, what rate is the net gain or loss taxed?

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Feb 04, 2016 05:55 AM

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Antoine sold the following stock in 2014. ABC, Inc., is a §1202 qualified small business (QSB). a.

Question:

Asset ABC, Inc. 200 shares $148,000 1/10/06 $200,000 4/30/14 DEF, Inc. 100 shares 21,000 11/15/10 14,000 2/28/14 GHI, Inc. 50 shares 18,000 3/31/13 17,000 8/30/14 Cost Acquired Sale Price Sale Date AssetAmount of RealizedA Amount of Recognized| IR C Section Gain (Loss) Gain (Loss) ABC DEF GHI

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a Asset Amount of Realized Gain Loss Amount of Recognized Gain Loss IRC ...View the full answer

Fundamentals Of Taxation 2015

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