Jcausey2509 Jcausey2509

04-11-2022
Business

Answered

cory recently sold his qualified small business stock for $88,000 after holding it for 10 years. his basis in the stock is $42,000. applying the rules as if the stock were acquired in 2022 and assuming his marginal tax rate is 32 percent, how much tax will he owe on the sale?

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