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In my understanding, the ordinary income $50,000 i...

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In my understanding, the ordinary income $50,000 is a credit not a loss. So why not add $10,000 to the shares of $20,000. So it should be a total of $30,000? Then the net profit from the sale is $220,000 instead of $240,000. Please explain. Thank you.

 

Paper#4633 | Written in 18-Jul-2015

Price : $25
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