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In Year 1, Nancy bought 100 shares of Trauna, Inc., for $5,000, or $50 a share. In Year 2, Nancy bought 100 shares of Trauna
In Year 1, Nancy bought 100 shares of Trauna, Inc., for $5,000, or $50 a share. In Year 2, Nancy bought 100 shares of Trauna stock for $8,000, or $80 a share. In Year 3, Trauna declared a 2-for-1 stock split. Nancy sold 50 shares of the stock she received from the stock split for $2,000. She could not definitely identify the shares she sold. What is the amount of Nancy's net capital gain from this sale for Year 3
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