This Year, Jonathan Sold Some Qualified Small Business Stock That

question 1535

Multiple Choice

This year, Jonathan sold some qualified small business stock that he acquired in December 2010. His basis in the stock was $100,000 and he sold it for a $300,000 gain. How much of Jason's gain is taxable?

• A) $300,000
• B) $0
• C) $150,000
• D) $75,000

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