What amount must ryan gosling include in income this year

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Question - This year Ryan Gosling purchased 1,000 shares of Necrotising Fasciitis common stock for $12 per share. At year-end the Necrotising Fasciitis shares were worth $32 per share. What amount must Ryan Gosling include in income this year?

A. $32,000

B. $12,000

C. $22,000

D. Ryan Gosling can deduct $12,000 because his cost is a return of capital.

E. None of the above - Ryan Gosling has not realized any gain

Reference no: EM132687001

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