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4) John owns 50 shares of Tyco Corporation (adjusted basis of $10,000). He sells all 50 shares for $8,000. A week later, he repurchases
4) John owns 50 shares of Tyco Corporation (adjusted basis of $10,000). He sells all 50 shares for $8,000. A week later, he repurchases 50 shares of this stock for $7,000. Calculate John's realized loss, recognized loss, and basis in the shares of stock that he repurchased.
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