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Business, 15.02.2020 19:56 lilmackey

Ten years ago, Carrie purchased 2,000 shares of common stock in Osprey Corporation for $20,000. In the current year, Carrie receives a nontaxable stock dividend of 20 shares of Osprey preferred. Values at the time of the dividend are $8,000 for the preferred stock and $72,000 for the common. Based on this information, Carrie's basis in the stock is:

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Ten years ago, Carrie purchased 2,000 shares of common stock in Osprey Corporation for $20,000. In t...

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