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Sue has 5,150 shares of Sony stock that have an adjusted basis of $29,870. She sold the 5,150 shares of stock for cash of $11845,
Sue has 5,150 shares of Sony stock that have an adjusted basis of $29,870. She sold the 5,150 shares of stock for cash of $11845, and she also received a piece of land as part of the proceeds. The land was valued at $20,750 and had an adjusted basis to the buyer of $12,450. What is Sue's gain or loss on the sale of 5,150 shares of Sony stock? Sue's loss K Prev6 of 17 Next >
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