Essay
Nancy sold her Section 1202 stock for $9,000,000 on August 7,2015.She had purchased the stock nine years ago for $1,500,000.She invested $4,500,000 in other qualifying Section 1202 stock.How will Nancy treat the gain on this sale for tax purposes?
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$9,000,000 - $1,500,000 = $7,500,000 tot...View Answer
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