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Three years ago, Adrian purchased 1 2 0 shares of stock in X Corporation for $ 1 5 , 2 4 0 . On December

Three years ago, Adrian purchased 120 shares of stock in X Corporation for $15,240. On December 30 of year 4, Adrian sells the 120 shares for $9,960.
Note: Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.
Problem 7-51 Part-a (Algo)
a. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on their year 4 tax return?

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