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Three years ago, Jessica purchased 1 8 0 shares of stock in C Corporation for $ 1 6 , 2 0 0 . On July

Three years ago, Jessica purchased 180 shares of stock in C Corporation for $16,200. On July 25 of year 4, Jessica sells the 180 shares for $20,000.
Part-a
a. What is Jessica's capital gain or loss from the sale on July 25 of year 4?
Part-b
b. Assuming Jessica has no other capital gains or losses, except that on May 5 of year 5, Jessica purchases 180 shares of C Corporation stock for $18,500. How much gain or loss from the sale on July 25 of year 4 is taxable on Jessica's year 4 tax return? What b***This question already posted and got correct answer. Don't answer this question If you answer i will give 10 dislikes.****

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