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When the fair market value was for cathy

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Question 1: On April 28, 2019, they sold for $8,000 stock that Cathy had received as a gift from her mother, who had purchased the stock for $10,000 in 2013. Her mother gave Cathy the stock on November 15, 2017 when the fair market value was $9,400?

Question 2: Is there a loss or gain?

Reference no: EM132588954

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