Kay owns xyz corporation stock with a basis of 20000 she


Kay owns XYZ Corporation stock with a basis of $20,000. She exchanges this for $24,000 of ABC stock and $8,000 of ABC securities as part of a tax-free reorganization.

What is Kay's realized gain?

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Finance Basics: Kay owns xyz corporation stock with a basis of 20000 she
Reference No:- TGS01496095

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