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Several years ago, Vince, who is single purchased 2,000 shares of Grey Corp § 1244 stock...

Several years ago, Vince, who is single purchased 2,000 shares of Grey Corp § 1244 stock from Grey Corp for $120,000. Last year, Vince sold one-half of his Grey Corp stock to Sam for $15,000. During the current year, Vince sold the remaining Grey Corp stock for $5,000. Vince has a $5,000 ordinary loss for the current year.

True or False?

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ekkarill92 answered 1 year ago
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