In September of 2015,Michelle Sold Shares of Qualified Small Business

question 105

Multiple Choice

In September of 2015,Michelle sold shares of qualified small business stock for $1,000,000 that had a basis of $200,000.She had held the stock for 7 months.Forty-five days after the sale she purchased other qualified small business stock for $1,100,000.What is the basis in the new stock she purchased?

• A)$200,000
• B)$300,000
• C)$800,000
• D)$1,100,000

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Definitions:

Obsessive-Compulsive Personality Disorder

Pervasive rigidity in one’s activities and interpersonal relationships; includes qualities such as emotional constriction, extreme perfectionism, and anxiety resulting from even slight disruptions in one’s routine.

Workaholics

Individuals who have a compulsion to work excessively and have difficulty disconnecting from their work.

Leisure Activities

Activities undertaken for enjoyment, relaxation, or pleasure during one's free time.

Avoidant Personality Disorder

A mental health disorder characterized by a pervasive pattern of social inhibition, feelings of inadequacy, and hypersensitivity to negative evaluation.