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    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges-Part 2
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    Misty Owns Stock in Violet, Inc
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Misty Owns Stock in Violet, Inc

Question 81

Question 81

Essay

Misty owns stock in Violet, Inc., for which her adjusted basis is $128,000.She receives a cash distribution of $50,000 from Violet.
Misty owns stock in Violet, Inc., for which her adjusted basis is $128,000.She receives a cash distribution of $50,000 from Violet.

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