Solution-What are the amount and character of kalus

What are the amount and character of kalus recognized gain

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Question - Kalus who is single transfers property with 90,000 basis and 108,000 fmv to Quality corporation in exchange for all 200 shares of Quality corporation stock. The shares qualify as SEC 1244 stock. Three years later Kalus sells the shares for 15,000. What are the amount and character of Kalus recognized gain or loss?

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What are the amount and character of kalus recognized gain

Reference no: EM133183092

Reference no: EM133183092

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