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QUESTION
Realized $100,000 on the sale of company stock to an ESOP, then bought $100,000 of GM stock, and properly elected to exclude her $40,000 gain on the...
Realized $100,000 on the sale of company stock to an ESOP, then bought $100,000 of GM stock, and properly elected to exclude her $40,000 gain on the sale of the company stock. What is her basis in the GM stock?
