What is the gain or loss from the sale, Taxation

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What is the gain or loss from the sale

Problem: R received stock as a gift. The donor's adjusted basis was $59,520. The fair market value on the date of the gift was $52,080. He sells the stock for $74,400. What is his gain or loss from the sale? Use parentheses to indicate negative values, e.g., (100). Enter your answer without the dollar sign or comma.

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Taxation: What is the gain or loss from the sale

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