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4. In December, George sales 250 shares of stock at $60 per share less a $500 brokers fee. Just prior to the sale, George held

4. In December, George sales 250 shares of stock at $60 per share less a $500 brokers fee. Just prior to the sale, George held the following blocks of Home Depot stock. Acquisition Date # of shares Purchase Price per share Purchase fee March 2013 200 $30 $100 May 2014 300 $32 $300 August 2015 250 $35 $200 a. If George uses the FIFO method, what is his capital gain/loss on the sale? b. If George uses specific identification method, what is his capital gain/loss on the sale if he sales 200 of his Aug. 2015 shares and 50 of his May 2014 shares?

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