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Exercise 4-25 (LO. 6) Several years ago, Minjun, who is single, acquired 6 1244 stock in Blue Corporation at a cost of $60,000. He sets

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Exercise 4-25 (LO. 6) Several years ago, Minjun, who is single, acquired 6 1244 stock in Blue Corporation at a cost of $60,000. He sets the Blue stock for $5,000 in the current year, Determine the amount and nature of Minjun's gain or loss recognized this year. Minjun's sale of Blue Corporation stock produces a total loss of of which is treated as a capital loss

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