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Question: a few years ago you purchased 2000 shares of abc...

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A few years ago, you purchased 2,000 shares of ABC Corp. for $105,000. During the current year, you received $1,000 in dividends, and then sold the shares to a friend for $120,000, ($40,000 up front, and $40,000 in each of the next two years). How much taxable income associated with these shares will you claim in the current year?

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