Business, 28.10.2020 16:40, morgannwaldrupp

Cory recently sold his qualified small business stock for $90,000 after holding it for 10 years. His basis in the stock is $40,000. Applying the rules as if the stock were acquired in 2020 and assuming his marginal tax rate is 32 percent, how much tax will he owe on the sale

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Cory recently sold his qualified small business stock for $90,000 after holding it for 10 years. His...