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6 1.71 points Ten years ago, Ms. Dee purchased 1,200 shares of Fox common stock for $127 per share. On June 2 of the current
6 1.71 points Ten years ago, Ms. Dee purchased 1,200 shares of Fox common stock for $127 per share. On June 2 of the current year she sold 500 shares for $96 per share. Compute Ms. Dee's recognized loss on sale assuming that: Required: a. She purchased 600 shares of Fox common stock on June 28 for $98 per share. b. She purchased 600 shares of Fox common stock on August 10 for $103 per share. c. 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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