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At the end of the current year. Falstaff sold for $4,800 General Martin stock that was purchased 5 months ago for $4,000. He also sold
At the end of the current year. Falstaff sold for $4,800 General Martin stock that was purchased 5 months ago for $4,000. He also sold Cedar stock for $6,000 at the same time. The Cedar stock cost $4,000, 2 years ago. In addition, Falstaff has a short-term capital loss of $500 on the sale of silver. Calculate the amount of Falstaff's net short-term and net long-term capital gain or loss
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