I know that eleanor will have a capital gain...but how does, Ask an Expert

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Eleanor transferred property to Blue Corp for 1,000 shares with base of $300,000. Blue later redeems 200 shares for $190,000. I know that Eleanor will have a capital gain...but how does having the transaction qualify or not qualify for sale or exchange treatment affect Eleanor's capital gain?

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Accounting Basics, Accounting

Category:- Accounting Basics
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