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Eight years ago, SW purchased 1 , 0 0 0 shares of Delta stock. On May 2 0 of the current year, it sold these

Eight years ago, SW purchased 1,000 shares of Delta stock. On May 20 of the current year, it sold these shares for 90 per share. Required: In each case in which SW purchased 1,200 Delta shares, compute its tax basis in the shares. b. SW's cost basis in the 1,000 shares was104 per share. It purchased 1,200 shares of Delta on. May 1 for 92 per share. c. SW's cost basis in the 1,000 shares was104 per share. It purchased 1,200 shares of Delta on June 8 for 92 per share. d. SW's cost basis in the 1,000 shares was79 per share. It purchased 1,200 shares of Delta on June 8 for 92 per share. [[,Tax basis],[b.,],[c.,]] d.

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