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Deirdre sold 112 shares of stock to her brother, James, for $3,584. Deirdre purchased the stock several years ago for $4,592. What amount of gain

Deirdre sold 112 shares of stock to her brother, James, for $3,584. Deirdre purchased the stock several years ago for $4,592. What amount of gain or loss does James recognize if he sells the stock for $2,800?

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