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QUESTION DETAIL
Related User
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I invested in a private company in 2002 by purchasing 5,500 shares for a total of $110,000. The company was purchased by another entity in 2005. In consideration for my stock I received a payout/distribution in 2011 of $66,000. The amount was less than I paid for the stock. How do i reflect this on my 2011 tax return?
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