Question: This year (2020), Nick sold some qualified small business stock that he acquired on January 2, 2010. His basis in the stock was $300,000 and

This year (2020), Nick sold some qualified small business stock that he acquired on January 2, 2010. His basis in the stock was $300,000 and he sold it for a $200,000 gain. How much of Nick’s gain is taxable?

A) $0

B) $100,000

C) $150,000

D) $200,000

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