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Business, 04.08.2021 18:00 jos0305

Sarah owned 200 shares of Crane Corporation with a basis of $12,000 and a FMV of $24,000. Sarah received 20 stock rights as a nontaxable distribution with a total FMV of $8,000. Sarah sold the stock rights for $4,000. Sarah's gain or loss on the sale was

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Sarah owned 200 shares of Crane Corporation with a basis of $12,000 and a FMV of $24,000. Sarah rece...
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