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Claude is single and he is the original owner of the 1244

Question - Claude Bergeron sold 1,000 shares of Ditta, Inc., an S corporation, for $12,000. He had owned the stock for three years and had a stock basis of $111,000 in the shares. Claude is single, and he is the original owner of the § 1244 stock shares. Calculate the appropriate tax treatment?

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Accounting Basics: Claude is single and he is the original owner of the 1244

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Accounting Basics: Claude is single and he is the original owner of the 1244

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