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epurted in 2021 sh Sale. R purchased 500 shares of Y Corporation common stock for $12,500 on August 31, 2017. She sold 200 shares of
epurted in 2021 sh Sale. R purchased 500 shares of Y Corporation common stock for $12,500 on August 31, 2017. She sold 200 shares of this stock for $3,000 on December 21, 14-33 Wa 8. On January 7, 2019, R purchased an additional 100 shares of Y Corporation 201 common stock for $1,600. a. What is R's realized loss for 2018? b. How much of the loss realized can R report in 2018? c. What is R's adjusted basis in the 100 shares purchased on January 7, 2019? 14-34 Related-Party Sale. J sold 2,000 shares of T Corporation stock, in which he had an adjusted basis of $3,000, to his brother, F, for $1,200. a. How much of the realized loss is recognized (reported) by J? b. How much gain or loss to F if he subsequently sells the stock for $1,000? For $2,000? epurted in 2021 sh Sale. R purchased 500 shares of Y Corporation common stock for $12,500 on August 31, 2017. She sold 200 shares of this stock for $3,000 on December 21, 14-33 Wa 8. On January 7, 2019, R purchased an additional 100 shares of Y Corporation 201 common stock for $1,600. a. What is R's realized loss for 2018? b. How much of the loss realized can R report in 2018? c. What is R's adjusted basis in the 100 shares purchased on January 7, 2019? 14-34 Related-Party Sale. J sold 2,000 shares of T Corporation stock, in which he had an adjusted basis of $3,000, to his brother, F, for $1,200. a. How much of the realized loss is recognized (reported) by J? b. How much gain or loss to F if he subsequently sells the stock for $1,000? For $2,000
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