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In sept of 2011 michelle sold shares of qualified small

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In Sept. of 2011, 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. Forth-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?

Reference no: EM13576068

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