Sue has 5,200 shares of Sony stock that have an adjusted basis of $30,680. She sold the 5,200 shares of stock for cash of $12,480, and she also received a piece of land as part of the proceeds. The land was valued at $21,000 and had an adjusted basis to the buyer of $12,600. What is Sue's gain or loss on the sale of 5,200 shares of Sony stock?

Sue has 5,200 shares of Sony stock that have an adjusted basis of $30,680. She sold the 5,200 shares of stock for cash of $12,480, and she also received a piece of land as part of the proceeds. The land was valued at $21000 and had an adjusted basis to the buyer or $12,600. What is Sue's gain or loss on the sale of 5,200 shares of Sony stock