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Part 3) Gain on sale computation An uncle gives you shares of LVS on 12/25/18 when...

Part 3) Gain on sale computation

An uncle gives you shares of LVS on 12/25/18 when their FMV is $46,355. He bought the shares several years ago for $65,000. You hold them for three months and then sell them for $39,980. Compute your gain or loss on the sale. Show computation and label the steps.

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Calculation of Gain Loss om sale sold the shares of LVS $39,980 FMV of shares of is en 8 46 355 Loss on sale of shares 86375

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