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Crystal owns 183 shares of Carson Inc. stock that has an adjusted basis of $136,335. On December 18, 2018, she sells the 183 shares for
Crystal owns 183 shares of Carson Inc. stock that has an adjusted basis of $136,335. On December 18, 2018, she sells the 183 shares for FMV ($127,185). On January 7, 2019, she purchases 244 shares of Carson stock for $191,540. a. What are Crystal's realized and recognized gain or loss on the sale of the 183 shares sold on December 18, 2018? b. What is Crystal's adjusted basis for the 244 shares purchased on January 7, 2019? c. How would your answers in (a) and (b) change if she purchased only 122 shares for $103,090 In January? (Do not round Intermediate computations.) (For all requirements, If no gain or loss is recognized, select "No gain/loss".) b. Adiusted basis of shares Adjusted basis of shares
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