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Deirdre sold 182 shares of stock to her brother, James, for $4,914. Deirdre purchased the stock...

Deirdre sold 182 shares of stock to her brother, James, for $4,914. Deirdre purchased the stock several years ago for $7,644.

a. What gain or loss does Deirdre recognize on the sale?

b. What amount of gain or loss does James recognize if he sells the stock for $8,008?

c. What amount of gain or loss does James recognize if he sells the stock for $6,734?

d. What amount of gain or loss does James recognize if he sells the stock for $4,732?

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ekkarill92 answered 2 years ago
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