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28. Ten years ago, Ms. Dee purchased 1,000 shares of Fox common stock for $124 per share. On June 2 of the current year
28. Ten years ago, Ms. Dee purchased 1,000 shares of Fox common stock for $124 per share. On June 2 of the current year she sold 500 shares for $92 per share. Compute Ms. Dee's recognized loss on sale assuming that a. She purchased 600 shares of Fox common stock on June 28 for $94 per share. b. 8. She purchased 600 shares of Fox common stock on August 10 for $999 per share. Ch. Compute Ms. Dee's tax basis in the 600 shares purchased in part (a). d. Compute Ms. Dee's tax basis in the 600 shares purchased in part (b).
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