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Business, 23.10.2019 04:30 cutiecat66

In january, lance sold stock with a cost basis of $26,000 to his brother, james, for $24,000, the fair market value of the stock on the date of sale. five months later, james sold the same stock through his broker for $27,000. what is the tax effect of these transactions?

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In january, lance sold stock with a cost basis of $26,000 to his brother, james, for $24,000, the fa...
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