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Leroy Lumberjack sells 100 shares (basis of $2,000) of Redwood Corporation common stock on March...

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Accounting

Leroy Lumberjack sells 100 shares (basis of $2,000) of Redwood Corporation common stock on March 8, 2019, for $1,300. On March 29, 2019, Lem purchases 50 shares of Redwood Corporation common stock for $600. Leroy's recognized loss on the sale is?

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