On September 3, 2019, Willie purchased § 1244 stock in Brass Corporation for $6,000. On December 31, 2019, the stock was worth $8,500. On August 15, 2020, Willie was notified that the stock was worthless.
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6. Godiva & Company was recently formed with a $5,000 investment in the company by stockholders. The company then borrowed $2,000 from a local bank, purchased $1,000 of supplies on account, and also purchased $5,000 of equipment by paying $2,000 in
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