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What is the amount of his taxable gain or loss

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Question - Hodgins purchased 2,000 shares of Dunlap, Inc. stock for $28 per share three years ago and paid a $50 brokerage commission on the transaction. This year he sold the shares for $37 per share and paid a $50 brokerage commission on the transaction. Hodgins also paid his investment advisor a fee of 1% on assets under management this year. What is the amount of his taxable gain or loss?

Reference no: EM132535220

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