Sharing of qualified small business stock


In September of $2009, Amanda sold shared of qualified small business stock for $1,000,000 that had a basis of $200,000. She had held the stock for $7 months. Forty five dats after the sale she purchased other qualified small business stock for $1,100,000. How much of gain will she recognize?

a) $0

b) $100,000

c) $800,000

d) $900,000

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Accounting Basics: Sharing of qualified small business stock
Reference No:- TGS090408

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