What was alicias recognized gain or loss on her sale

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Reference no: EM131253563

Clyde purchased 300 shares Silo stock for $30,000, 20 years ago. On May 23 of the current year, Clyde sold all of the stock to his daughter Alicia for $20,000, its then fair market value. Clyde realized no other gain or losses during the year. On July 26 of the current year, Alicia sold the 300 shares of Silo for $25,000. What was Alicia's recognized gain or loss on her sale?

Reference no: EM131253563

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