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13.Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,100. What gain or loss
13.Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,100. What gain or loss does Deirdre recognize on the sale?
14.Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,100. What amount of gain or loss does James recognize if he sells the stock for $3,500?
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