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    Federal Taxation
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    Exam 21: Property Transactions: Capital Gains and Losses
  5. Question
    If the Stock Received as a Nontaxable Stock Dividend Is
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If the Stock Received as a Nontaxable Stock Dividend Is

Question 54

Question 54

True/False

If the stock received as a nontaxable stock dividend is not the same type as the stock owned prior to the dividend,the allocation of basis is based on relative fair market values of the stock.

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