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Business, 24.12.2019 22:31 ians31430

Viking corporation is owned equally by sven and his wife olga, each of whom hold 100 shares in the company. viking redeemed 75 shares of sven's stock in the company on december 31, 20x3. viking paid sven $2,000 per share. his income tax basis in each share is $1,000. viking has total e& p of $500,000. what are the tax consequences to sven because of the stock redemption?

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