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Charlie sold IBM stock to his sister Susan for $6,000. Charlie purchased the stock two years ago for $8,000. Susan sold the stock through her
Charlie sold IBM stock to his sister Susan for $6,000. Charlie purchased the stock two years ago for $8,000. Susan sold the stock through her broker for $7,300. How much gain or loss did Susan recognize on the sale?
A)$700 loss
B)No gain or loss
C)$1,300 gain
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