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Christina, who is single, purchased 2 6 0 shares of Apple Incorporated ( Nasdaq: AAPL ) stock several years ago for $ 1 4 ,

Christina, who is single, purchased 260 shares of Apple Incorporated (Nasdaq: AAPL) stock several years ago for $14,040 During her year-end tax planning, she decided to sell 130 shares of Apple for $6,370 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 130 shares (cost of $6,630) of Apple back before prices skyrocket.
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b. Assume the same facts, except that Christina repurchased only 65 shares for $3,315. What is Christina's deductible loss on the sale of 130 shares? What is her basis in the 65 new shares?
\table[[Deductible loss,],[Basis,]]
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