Three years ago, Adrian purchased 580 shares of stock in X Corp. for $59,740. On...
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Accounting
Three years ago, Adrian purchased 580 shares of stock in X Corp. for $59,740. On December 30 of last year, Adrian sells the 580 shares for $53,940. On January 20 of this year Adrian purchases 580 shares of X Corp. stock for $53,940. What is the effect of the sale on Adrians taxes for last year?
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