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Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $2,900. What amount of gain

Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $2,900. What amount of gain or loss does James recognize if he sells the stock for $3,500

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