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Robbie purchased 100 shares of First Line Corporation stock for $6 per share in 2018 (Year 1). On July 1, 2020 (Year 3) Robbie sold

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Robbie purchased 100 shares of First Line Corporation stock for $6 per share in 2018 (Year 1). On July 1, 2020 (Year 3) Robbie sold the 100 shares for S4 per share on July 16, 2020 (Year 3), Robbie repurchased 25 shares for $5 per share. In computing Robbie's 2020 (Year 3) taxable income, he may deduct a capital loss in the amount of $0 575 $150 $200

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