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John sells stock to his brother Paul on 2/25/2020 for $11,250. He purchased the stock in 2001 for $20,000. Paul sells the stock to George

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John sells stock to his brother Paul on 2/25/2020 for $11,250. He purchased the stock in 2001 for $20,000. Paul sells the stock to George and Ringo, 2 unrelated parties in 2021 for $13,000 What is John's recognized gain or loss in 2020? $(8,750) LTCL b. $0 c co $8,750 LTCG $(1.750) LTCL

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