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On July 20,2008,Matt (who files a joint return) purchased 3,000 shares of Orange Corporation stock (the stock is § 1244 small business stock) for $24,000.On November 10,2009,Matt purchased an additional 1,000 shares of Orange Corporation stock for $150,000.On September 15,2010,Matt sold the 4,000 shares of stock for $80,000.How should Matt treat the sale of the stock on his 2010 return?
Bodily-Kinesthetic
A type of intelligence that involves the capacity to manipulate objects and use physical skills effectively, as conceptualized by Howard Gardner's theory of multiple intelligences.
Home-Schooled
A form of education where children are educated at home either by parents, tutors, or through a structured online curriculum, rather than in traditional public or private school settings.
Aptitude Tests
Standardized tests designed to measure an individual's potential to develop skills or knowledge in a specific area.
Divergent Thinking
The process of generating creative ideas by exploring many possible solutions, often leading to novel or unconventional solutions.
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