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Anne owns 300 shares of Davenport Co. She acquire the shares three years ago. her adjusted basis in the shares is 10,000 and their fair
Anne owns 300 shares of Davenport Co. She acquire the shares three years ago. her adjusted basis in the shares is 10,000 and their fair market value is $20,00. In July she received stock rights worth $4,000. She sold the rights in September for $5,000. Her gain or loss on the rights of sale is?
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