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What is arden deductible loss from the sale

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Question - Arden purchased 630 shares of AMC common stock several years ago for $2,394. On April 30, Arden sold the shares of AMC common for $798 and then purchased 580 shares of AMC preferred stock two days later for $928. The AMC preferred stock is not convertible into AMC common stock.

What is Arden's deductible loss from the sale of the 630 shares of AMC common stock?

Reference no: EM132025594

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