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5 1 point On 8 August of the tax year. Taxpayer sold 600 shares of XYZ Corporation for $18 per share for a total amount

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5 1 point On 8 August of the tax year. Taxpayer sold 600 shares of XYZ Corporation for $18 per share for a total amount realized of $10,000. Taxpayer purchased the following shares of XYZ Corporation over the past several years. Assuming Taxpayer makes no special election at the time of sale, determine his gain or loss. DATE PURCHASED SHARES 07/15/15 COST PER SHARE TOTAL COST 200 $15 09/01/16 300 89,000 $16 02/27/12 500 S.300 $12 05/21/10 $8.500 100 1515 $1.500 Previous Miny

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