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Title: Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. ... Post by: Mandarini on Feb 14, 2017 Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respect to which the rights are issued has a basis of $4,000 and an FMV of $120,000. Bruce allows the stock rights to lapse. He can deduct a loss of
A) $0. B) $1,000. C) $5,000. D) none of the above Title: Re: Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of ... Post by: strwbrry on Feb 14, 2017 Content hidden
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