Question: In 2 0 1 6 , Minjun, who is single, acquired original issue stock in Blue Corporation at a cost of $ 6 0 ,

In 2016, Minjun, who is single, acquired original issue stock in Blue Corporation at a cost of $60,000. This stock meets the definition of both 1202 and 1244 stock. This year, Minjun sold the Blue stock.

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