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  3. ted recently sold stock which qualified for 1202 f

Ted recently sold stock which qualified for 1202 for $80,000,000. His basis in the stock...

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Accounting

  1. Ted recently sold stock which qualified for 1202 for $80,000,000. His basis in the stock was $20,000,000 and his initial investment in the stock was $5,000,000. What are the tax consequences of the transaction? (4 points)

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