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17. Eddie owned stock that he had purchased 18 months earlier at a cost of $15,000. On September 27, 2018, he sold the stock to
17. Eddie owned stock that he had purchased 18 months earlier at a cost of $15,000. On September 27, 2018, he sold the stock to his sister, Julie, for $12,000. Julie sold the stock for $11,000 to an unrelated person on November 2, 2018. What recognized loss will be reported on Julie's tax return for 2018? a. $0 b. $1,000 short-term capital loss c. $1,000 long-term capital loss d. $4,000 short-term capital loss e. $4,000 long-term capital loss
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