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Mark owned 100% of the stock in Gathers Corporation. In 2019, Gathers Corporation sold a computer with an adjusted basis of $5,000 and a fair
Mark owned 100% of the stock in Gathers Corporation. In 2019, Gathers Corporation sold a computer with an adjusted basis of $5,000 and a fair market value of $8,000 to Mark's Uncle Seth for $4,000. What is the amount of Gathers Corporation's deductible loss on the sale of this computer in 2019? A. $0 B. $(3.000) C $(1,000) D. $(4.000)
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