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Amy sold stock that she bought from a new startup company for $100,000 in 2020. It was not doing so well in 2023, so she
Amy sold stock that she bought from a new startup company for $100,000 in 2020. It was not doing so well in 2023, so she sold it for $60,000. Her only other stock sale was 100 shares of bank stock she bought in 2019 for $1,500 that she sold for $1,800 in 2023. What are Amy's capital and/or ordinary gains and/or losses for 2023?
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
