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Mr. and Mrs. Smith purchased 500 shares of stock for $25 per share on June 30, 20X6 plus 275 fee. Please show any gain or

Mr. and Mrs. Smith purchased 500 shares of stock for $25 per share on June 30, 20X6 plus 275 fee. Please show any gain or loss. (the wash sale rule does not apply in this example).

They sold

10,0000 minus 400 fee 20X6

16,000 minus 400 fee 20X16

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