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Louise purchased 100 common REIT shares for $5,000 on September 1, 2016. On July 1, 2019, she received a dividend of $500 ($5/share). On November

Louise purchased 100 common REIT shares for $5,000 on September 1, 2016. On July 1, 2019, she received a dividend of $500 ($5/share). On November 1, 2019, she sold 50 shares for $4,000. Please compute Louises tax liability for 2019.

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