This year, Jason sold some qualified small business stock that he acquired in 2004. His basis in the stock was $95,000 and he sold it for a $30,000 gain. How much of Jason's gain is taxable?

This year, Jason sold some qualified small business stock that he acquired in 2004. His basis in the stock was $95,000 and he sold it for a $30,000 gain. How much of Jason's gain is taxable?

This year, Jason sold some qualified small business stock that he acquired in 2004. His basis in the stock was $95,000 and he sold it for a $30,000 gain. How much of Jason's gain is taxable?




A) $-0-
B) $15,000
C) $30,000
D) $47,500


Answer: B