income tax homework

Required information Problem 7-53 (LO 7-2) (Algo) [The following information applies to the questions displayed below] Christina, who is single, purchased 360 shares of Apple incorporated (Nasdaq: AAPL) stock several years ago for $17,640. During her year-end tax planning, she decided to sell 180 shares of Apple for $7,920 on December 30 . However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 180 shares (cost of $8,280 ) of Apple back before prices skyrocket. Note: Leave no answers blank. Enter zero if applicable. Problem 7.53 Part-b (Algo) Assume the same facts, except that Christina repurchased only 90 shares for $4,140. What is Christina's deductible loss on the sale 180 shares? What is her basis in the 90 new shares