Multiple Choice
Which of the following must be classified as "portfolio income?"
I.Interest income on CDs from First National Bank.
II.Loss realized from the sale of one-half of his stock shares in Lockleed Corp. Lockleed is qualified small business stock.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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