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On April 8 of this year Marcy purchased 100 shares of Sharp Inc. common stock for $15,000. She later sold the shares for $12,000 on

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On April 8 of this year Marcy purchased 100 shares of Sharp Inc. common stock for $15,000. She later sold the shares for $12,000 on June 6 of this year. Which of the following statements correctly identifies the tax consequences of this transaction? Marcy will recognize a $3,000 long-term capital loss on the sale Marcy will recognize a $3,000 short-term capital loss on the sale Marcy will not be able to record the loss since it is classified as a wash sale Marcy will recognize a $3,000 ordinary loss on the sale

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