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Sue has 5,700 shares of Sony stock that have an adjusted basis of $39,330. She sold the 5,700 shares of stock for cash of $19,380,
Sue has 5,700 shares of Sony stock that have an adjusted basis of $39,330. She sold the 5,700 shares of stock for cash of $19,380, and she also received a piece of land as part of the proceeds. The land was valued at $23,500 and had an adjusted basis to the buyer of $14,100. What is Sue's gain or loss on the sale of 5,700 shares of Sony stock
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