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QUESTION
Trevelyan has taxable capital gains from stock market trading of $13,000.
Mr. Trevelyan has taxable capital gains from stock market trading of $13,000. His gains included $10,000 from the sale of Microsoft shares, $8,000 from the sale of Apple shares, and $9,000 from the sale of Red Hat shares. He regretted his sale of the Apple shares and bought purchased the same amount of shares as he originally owned two days after the sale.
