Kay owns xyz corporation stock with a basis of 20000 what
Question - Kay owns XYZ Corporation stock with a basis of $20,000. She exchanges this for $24,000 of ABC stock and $8,000 of ABC securities as part of a tax-free reorganization.
What is Kay's realized gain?
Now Priced at $20 (50% Discount)
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question - kay owns xyz corporation stock with a basis of 20000 she exchanges this for 24000 of abc stock and 8000 of
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