Deidre inherited 1,000 shares of stock from her grandmother (FMV at the time of the...
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Accounting
Deidre inherited 1,000 shares of stock from her grandmother (FMV at the time of the grandmother's death was $50,000; grandmother's basis was $10,000; grandmother owned the stock for twelve years). Deidre sold the shares 8 months later for $53,000. What is her gain or loss?
Group of answer choices
$43,000 short-term capital gain
$43,000 long-term capital gain
$3,000 short-term capital loss
$3,000 long-term capital gain
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