Multiple Choice
Margo purchased 2,000 shares of qualifying Section 1202 stock six years ago for $200,000.In the current year, she sold the stock for $2,000,000.How much gain can she exclude from her income?
A) $2,000,000
B) $1,800,000
C) $900,000
D) $200,000
Correct Answer:
Verified
Correct Answer:
Verified
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