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Question 26 (1 point) Lem Lumberjack sells 100 shares (basis of $5,000) of Redwood Corporation common stock on March 8, 2020, for $4,000. On March 29, 2020, Lem purchases 1,000 shares of Redwood Corporation common stock for $4,200. Lem's recognized loss on the sale is $1,000 $500 $1,500 $0 Hide hint for Question 26 CHECK THE WASH SALE RULES IN YOUR TEXT OR THROUGH ANOTHER SOURCE (you can google it) Question 27 (1 point)