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An individual is holding 500 shares of Matrix Ltd. that have an adjusted cost base of $25 per share. On December 1 of the current
An individual is holding 500 shares of Matrix Ltd. that have an adjusted cost base of $25 per share. On December 1 of the current year, all of these shares are sold for $10 per share. On December 15 of the current year, he purchases 300 shares of Matrix Ltd. for
$12 per share. What is the net tax consequence of these two transactions?
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