Shen purchased corporate stock for $20,000 on April 10, 2013. On July 14, 2015,when the stock was

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Shen purchased corporate stock for $20,000 on April 10, 2013. On July 14, 2015,when the stock was worth $12,000, Shen died and his son, Mijo, inherited the stock. Mijo sold the stock for $14,200 on November 12, 2015. What is the amount and character of Mijo's gain or loss?
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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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