Rick purchased 100 shares of XYZ stock on April 4, year 4, for $8,600. He sold 50

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Rick purchased 100 shares of XYZ stock on April 4, year 4, for $8,600. He sold 50 shares on February 8, year 5, for $3,000. He then bought another 50 shares of XYZ on March 1, year 5, for $3,200. How much loss will Rick realize in year 5?
a. $0
b. $1,300 

c. $3,000 

d. $5,600

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South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337702966

22nd Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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