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What is the basis of the shares sold

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Question - Gordon Gladstone owns 120 shares of Jones Corp. common which he purchased received a 25 percent nontaxable common stock on June 10, 2013, for $800. One year later, he stock dividend. On December 16, 2014, he sold 85 shares at $20 a share. What is the basis of the shares sold and what is Gordon's gain upon sale?

Reference no: EM133093318

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