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    Exam 21: Property Transactions: Capital Gains and Losses
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    Erik Purchased Qualified Small Business Corporation Stock on December 1,2010
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Erik Purchased Qualified Small Business Corporation Stock on December 1,2010

Question 56

Question 56

Multiple Choice

Erik purchased qualified small business corporation stock on December 1,2010 and sold it for a $500,000 gain on December 12,2017.The gain subject to tax is


A) $0.
B) $500,000.
C) $250,000.
D) $125,000.

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