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Required information [ The following information applies to the questions displayed below. ] George bought the following amounts of Stock A over the years: Note:

Required information
[The following information applies to the questions displayed below.]
George bought the following amounts of Stock A over the years:
Note: Loss amounts should be indicated with a minus sign.
Date Purchased Number of Shares Adjusted Basis
Stock A 11/21/19961,160 $ 27,840
Stock A 3/18/200258010,440
Stock A 5/22/201191032,760
On October 12,2022, he sold 1,440 of his shares of Stock A for $38 per share.
b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all
910 shares from the 5/22/2011 purchase and 530 shares from the 11/21/1996 purchase?

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