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Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 140 shares of stock in X Corp. for
Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 140 shares of stock in X Corp. for $25,760. On December 30 of year 4, Adrian sells the 140 shares for $22,400. (Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.) a. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 4 tax return? Deductible loss
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