Question
alex purchased 200 shares of abc stock on june 2


dividend. AUX TUW O $1,080 basis. $1,200 basis. O $1,320 basis. O $1,452 basis. Mark for follow up _when a taxpayer fails to
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Answer #1

Answer:

Correct answer is:

Disqualifying disposition

Explanation:

The sale of stock is considered a disqualifying disposition when a tax payer fails to meet the holding requirement for statutory options.

Disqualifying disposition is legal term for selling, transferring stock before satisfying the holding-period requirements for statutory options.

Hence option D is correct and other options A, B and C are incorrect.

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