At date of his death l owned stock in m corporation the

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At date of his death, L owned stock in M corporation. The stock was acquired 5 years ago at a cost of $12,000, and it has a date of death value of $10,000. Eleven months after L's death, L's estate sells the stock for $9,600. How much gain or loss is there? Is it capital or ordinary? Is it short-term or long-term?

Reference no: EM13597530

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