How much must gary include in his gross income for the year

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Gary receives $40,000 worth of Quantro, Inc., common stock from the estate of his late grandmother. Early in the year he receives a $100 cash dividend. Four months later he receives a 2% stock dividend. Near the end of the year, Gary sells the stock for $42,000. Due to these events only, how much must Gary include in his gross income for the year?

Reference no: EM13792590

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