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  3. $50,000. t's adjusted basis in the 100 shares of x

$50,000. T's adjusted basis in the 100 shares of X stock was $70,000. In 2022,...

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Accounting

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$50,000. T's adjusted basis in the 100 shares of X stock was $70,000. In 2022, S sold the same 100 shares of X stock to D, who was not related to S, for $65,000. How much income, gain or loss, if any, does S recognize on the sale in 2022

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