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Sadie sold 12 shares of stock to her brother, George, for $580 sixteen months ago. Sadie had purchased the stock for $760 two years earlier.

Sadie sold 12 shares of stock to her brother, George, for $580 sixteen months ago. Sadie had purchased the stock for $760 two years earlier. If George sells the stock for $940 what is the amount and character of his recognized gain or loss in the current year?...

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