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What is the amount and nature of Ron gain or loss

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Question - During 2019, Rob sold his stock in Troy Corporation and Walsh Corporation. He purchased the Troy stock for 6 months ago for $50,000 and sold it for $45,000. He purchased the Walsh Stock 2 years ago for $75,000 and sold it for $100,000.

Required - What is the amount and nature of Ron's gain or loss on the sale of stock?

Reference no: EM132627604

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