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Matthew sold 200 shares of Xerox stock on December 23, 2018. The stock had a basis of $4,000 and was sold for

$2,000, resulting in a $2,000 loss realized. In January 2019, Matthew caused his IRA to purchase 400 shares of Xerox stock for $4,000. In addition to the loss from the transaction described, in 2018 Matthew had $8,000 of capital gains from other transactions.

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