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ill give a thumps up if you do it right and fast Crystal owns 177 shares of Carson incorporated stock that has an adjusted basis
ill give a thumps up if you do it right and fast
Crystal owns 177 shares of Carson incorporated stock that has an adjusted basis of $133,635. On December 18,2022, she sells the 177 shares for FMV (\$123.015) On January 7, 2023, she purchases 236 shares of Carson stock for $188,092 Required: a. What are Crystal's realized and recognized gain or loss on the sale of the 177 shares sold on December 18, 2022? b. What is Crystal's adjusted basis for the shares purchased on January 7,2023 ? c. How would your answers in parts (a) and (b) change if she purchased only 118 shares for $102,070 in January? Note: Do not round intermediate computations. Note: For all requirements, if no gain or loss is recognized, select "No gain or loss". Answer is complete but not entirelu merravt Step by Step Solution
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