Business, 06.08.2019 01:20 july00

Jerry and julie are brother and sister. jerry sold stock to julie for $5,000, its fair market value. the stock cost jerry $10,000 5 years ago. also, jerry sold carol (an unrelated party) stock for $2,000 that cost $10,000 3 years ago. what is jerry's recognized loss before the $3,000 capital loss limitation?
(a) $5,000
(b) $13,000
(c) $14,000
(d) 0
(e) $8,000

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Jerry and julie are brother and sister. jerry sold stock to julie for $5,000, its fair market value....

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