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Required information [The following information applies to the questions displayed below.] John bought 1,850 shares of Intel stock (Nasdaq: INTC) on October 18, 2019, for
Required information [The following information applies to the questions displayed below.] John bought 1,850 shares of Intel stock (Nasdaq: INTC) on October 18, 2019, for $47 per share plus a $750 commission he paid to his broker. On December 12, 2023, he sells the shares for $68.00 per share. He also incurs a $1,000 fee for this transaction. Required: c-1. What is the gain or loss for John on the sale of his Intel stock? c-2. What is the character of the gain or loss? Complete this question by entering your answers in the tabs below. Required C1 Required C2 What is the gain/loss for John on the sale of his Intel stock? Gain 38600
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