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What is sue gain on the sale

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Sue has 5,100 shares of Sony stock that have an adjusted basis of $29,070. She sold the 5,100 shares of stock for cash of $11,220, and she also received a piece of land as part of the proceeds. The land was valued at $20,500 and had an adjusted basis to the buyer of $12,300.

Question 1: What is Sue's gain or loss on the sale of 5,100 shares of Sony stock?

Reference no: EM132607938

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