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John bought 1,450 shares of Intel stock on October 18,2018 , for $39 per share plus a $750 commission he paid to his broker. On
John bought 1,450 shares of Intel stock on October 18,2018 , for $39 per share plus a $750 commission he paid to his broker. On December 12,2022 , he sells the shares for $56.00 per share. He also incurs a $1,000 fee for this transaction. Required: a. What is John's adjusted basis in the 1,450 shares of Intel stock? b. What amount does John realize when he sells the 1,450 shares? c-1. What is the gain/loss for John on the sale of his Intel stock? c-2. What is the character of the gain/loss? Complete this question by entering your answers in the tabs below. What is John's adjusted basis in the 1,450 shares of Intel stock
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