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Business, 17.09.2019 20:20 1846252

Ken is 63 years old and unmarried. he retired at age 55 when he sold his business, understock. though ken is retired, he is still very active. ken reported the following financial information this year. assume ken files as a single taxpayer. determine ken’s gross income and complete page 2 of form 1040.(a) ken won $1,200 in an illegal game of pocker(b) ken sold 1000 shares of stock for $32 a share. he inherited the stock two years ago. his tax basis in the stock was $31 per share(c) ken received $13000 in disability benefits for the year. he purchased the disability insurance policy last year

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Ken is 63 years old and unmarried. he retired at age 55 when he sold his business, understock. thoug...
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