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5/ help out! will rate if the answer is right! Crystal owns 180 shares of Carson Incorporated stock that has an adjusted basis of $135,000.
5/ help out! will rate if the answer is right!
Crystal owns 180 shares of Carson Incorporated stock that has an adjusted basis of $135,000. On December 18 , 2022 , she sells the 180 shares for FMV ($125,100). On January 7, 2023, she purchases 240 shares of Carson stock for $189,840. Required: a. What are Crystal's realized and recognized gain or loss on the sale of the 180 shares sold on December 18, 2022? b. What is Crystal's adjusted basis for the shares purchased on January 7, 2023? c. How would your answers in parts (a) and (b) change if she purchased only 120 shares for $102,600 in January? Note: Do not round intermediote computations. Note: For all requirements, if no goin or loss is recognized, select "No gain or loss Step by Step Solution
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