Raven purchased all of the stock of Dove on January 1, 2007, for $200,000.Dove produced a loss for 2007 of $280,000 and paid a dividend of $30,000 to Raven.In 2008, Dove generated a loss of $140,000; in 2009, it recognized net income of $100,000.What is Raven's capital gain or loss if it sells all of its Dove stock to a nongroup member on January 1, 2010, for $40,000?

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The Answer of Raven purchased all of the stock of Dove on January 1, 2007, for $200,000.Dove produced a loss for 2007 of $280,000 and paid a dividend of $30,000 to Raven.In 2008, Dove generated a loss of $140,000; in 2009, it recognized net income of $100,000.What is Raven's capital gain or loss if it sells all of its Dove stock to a nongroup member on January 1, 2010, for $40,000?

Raven Purchased All of the Stock of Dove on January