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Margo bought stock for $1,500 plus a $25 commission; 18 months later she sold all the stock for $2,000 and paid a $25 commission.
Margo bought stock for $1,500 plus a $25 commission; 18 months later she sold all the stock for $2,000 and paid a $25 commission. What was Margo's gain or loss (show your calculations), holding period and the nature of the sale of this stock? List all the forms Margo would use to report this sale.
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