Want it in 20 minutes, thnx. On May 18, 2012, Sara purchased 30 shares of ABC stock
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Want it in 20 minutes, thnx.
On May 18, 2012, Sara purchased 30 shares of ABC stock for $210, and on October 29, 2012, she purchased 90 additional shares for $900. On November 28, 2012, she sold 48 shares, which could not be specifically identified (assume FIFO for cost basis), for $576, and on December 8, 2012, she sold another 25 shares for $150. What is her combined recognized gain or loss from the two sales?
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