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14 August, 02:38

Mary sells to her father, robert, her shares in aa corp for $55,000. the shares cost mary $80,000. how much loss may mary claim from the sale?

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  1. 14 August, 06:06
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    Mary bought the shares at $80000 Mary sold the shares at $55000 Hence the loss that can be claimed = 80000-55000 = $25000 Hence Mary can claim @25000 as loss
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