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As of December 12 this year, Claudia currently owns 75 shares of EFG Corporation, a publicly- traded NYSE firm, valued at $42.65 per share. Her
As of December 12 this year, Claudia currently owns 75 shares of EFG Corporation, a publicly- traded NYSE firm, valued at $42.65 per share. Her original basis in the stock, acquired earlier this year on June 15, is at $51.35 per share. Claudia likes the stock and believes that it will be a profitable long term investment in her portfolio. If she sells the stock on December 15th of this year to claim a loss for year-end income tax planning purposes, when should she plan to repurchase the shares in her portfolio?
January 1 of the following year |
January 16 of the following year |
December 16 of this current year |
June 16th of the following year |
December 16th of the following year |
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