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Yasmine and Yamin are sisters. Yamin sold stock to Yasmine for $5,000, its fair market value. The stock cost Yamin $10,000 five years ago. Also,
Yasmine and Yamin are sisters. Yamin sold stock to Yasmine for $5,000, its fair market value. The stock cost Yamin $10,000 five years ago. Also, Yamin sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago. Show calculations for Yamin's recognized loss before the $3,000 capital loss limitation
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