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a. a. c.c have the options to pick No gain or loss Realized gain Realized loss Recognized gain Recognized loss Crystal owns 159 shares of
a. a. c.c have the options to pick
No gain or loss
Realized gain
Realized loss
Recognized gain
Recognized loss
Crystal owns 159 shares of Carson Incorporated stock that has an adjusted basis of $124,815. On December 18,2021 , she sells the 159 shares for FMV ($110,505). On January 7,2022 , she purchases 212 shares of Carson stock for $176,596. Required: a. What are Crystal's realized and recognized gain or loss on the sale of the 159 shares sold on December 18,2021 ? b. What is Crystal's adjusted basis for the shares purchased on January 7,2022 ? c. How would your answers in parts (a) and (b) change if she purchased only 106 shares for $98,050 in January? Note: Do not round intermediate computations. Note: For all requirements, if no gain or loss is recognized, select "No gain or loss". b. sin c. No gain or loss c. Realized gain c. Realized loss Recognized gain Recognized lossStep by Step Solution
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