Question: Question 3 0 ( 3 points ) In January, Maurice sold stock with a cost basis of $ 2 6 , 0 0 0 to

Question 30(3 points)
In January, Maurice 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, tames sofd the same stock through his brober for 527,000. What is the tax effect of these transactions?
Disalfowed loss to Maurice of $2,000; gin to James of $3,000.
Disallowed loss to Maurice of $2,000; grin to James of $1,000.
Deductible loss to Maurice of $2,000; glin to James of $3,000.
Disallowed loss to James of $2,000; gain to Maurice of $1,000.
Question 3 0 ( 3 points ) In January, Maurice

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