alanm22
Level 1
I really appreciate the help but I am still a bit confused. Ten times the basis would be $250k. The gain would be $6.25mil. There have been no prior year exclusions. Since this is return is married filing joint would the entire gain be excluded since it is less than the $10 mil exclusion? Would is just be 50% of the $6.25mil gain based on when the stick was purchased. Thanks!
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