BX is a 40% shareholder of CBA Corporation. She sells 50 shares of his stock to ABC
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BX is a 40% shareholder of CBA Corporation. She sells 50 shares of his stock to ABC for $100,000. Her basis in the shares sold was $65,000. After the sale she owns 30% of CBA. How much income does BX recognize?
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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