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30-11-2022
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hannah tywin owns 100 shares of mm incorporated stock. she sells the stock on december 11 for $25 per share. she received the stock as a gift from her aunt pam on march 20 of this year when the fair market value of the stock was $18 per share. aunt pam originally purchased the stock seven years ago at a price of $12 per share.what are the amount and character of hannah's recognized gain or loss on the stock?

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