Do you agree with Howard proposed reporting

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Problem - In 2003, Howard purchased stock in Green, a C corporation, for $100,000. In 2009, Green made a valid Selection. In 2019, Howard sells his stock in Green for $120,000. Because he paid $100,000 for the stock, Howard plans to recognize a long-term capital gain of $20,000 as a result of the sale. Do you agree with Howard's proposed reporting?

Reference no: EM132673347

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