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Three years ago, Sophia purchased 3 5 0 shares of stock in Q Corporation for $ 2 6 , 6 0 0 . On September

Three years ago, Sophia purchased 350 shares of stock in Q Corporation for $26,600. On September 15 of year 4, Sophia sells the 350 shares for $29,500.
Part-a
a. What is Sophia's capital gain or loss from the sale on September 15 of year 4?
Part-b
b. Assuming Sophia has no other capital gains or losses, except that on July 10 of year 5, Sophia purchases 350 shares of Q Corporation stock for $28,200. How much gain or loss from the sale on September 15 of year 4 is taxable on Sophia's year 4 tax return?
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