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disposition during the year, what is the amount and character of Sumner's gain or loss? Multiple Choice $9,12581231 loss. $9,1251245 loss. $48,950 ordinary loss. $9,125

image text in transcribed disposition during the year, what is the amount and character of Sumner's gain or loss? Multiple Choice $9,12581231 loss. $9,1251245 loss. $48,950 ordinary loss. $9,125 capital loss. None of the choices are correct

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