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What is the amount and character of mijo gain or loss

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Reference no: EM132762535

Shen purchased corporate stock for $134,650 on April 10, 2018. On July 14, 2020, when the stock was worth $80,790, Shen died and his son, Mijo, inherited the stock. Mijo sold the stock for $94,255 on November 12, 2020.

Problem 1: What is the amount and character of Mijo's gain or loss?

Reference no: EM132762535

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