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Lis sold stock Bank of America corporation on December 1, 2019 for $105,000 she inherited the stock when her grandmother passed away on October 15,
Lis sold stock Bank of America corporation on December 1, 2019 for $105,000 she inherited the stock when her grandmother passed away on October 15, 2019 on that day the fair market value of the stock was $75,000 her grandmother has had purchased the stock on January 20, 1998 for $150,000 what is the amount and character of any gain or loss Liz will recognize on December 1, 2019 sale sale
A. 45k long terms capital loss
b. 45k short term capital loss
c. 0, no gain or loss
d. 30k long-term capital gain
e. 30k, short term capital gain
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