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LO . 5 Madeline sells her personal scooter for $ 5 5 0 . She purchased the scooter for $ 7 0 0 three years

LO.5 Madeline sells her personal scooter for $550. She purchased the scooter for $700
three years ago. She also sells stock for $1,200 that she acquired five years ago for
$900. What are the tax implications of these sales?
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