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Jan 1 - Luke purchased Starbucks: 1,000 shares at $30 per share Feb 1 - Luke sold Starbucks: 500 shares at $28 per share Apr
Jan 1 - Luke purchased Starbucks: 1,000 shares at $30 per share
Feb 1 - Luke sold Starbucks: 500 shares at $28 per share
Apr 1 - Luke purchased Starbucks: 600 shares at $29 per share
1)What is Luke's realized loss on February 1?
$500 x ($30-$28) = $1,000
2)What is Luke's recognized loss on February 1?
$500 x $2 = $1,000
3)What is Luke's recognized loss on February 1 if Luke had repurchased the 600 shares not on April 1 but on February 28?
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