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    yangsoo Posts: 6, Reputation: 1
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    Nov 2, 2007, 12:32 PM
    Accounting purchase of stock of small business
    When there is buy and sell of a small corporation wholly owned by one person in form of stock sales.
    New shareholder pays certain amount to the old shareholder. The old will realize gain or loss. Where does the new record his stock basis?

    Thank you!

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