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Matthew owns 400 shares of Crane Inc. (basis of $33,200). He sold 200 shares of his Crane stock for $8,000 on August 1, Year
Matthew owns 400 shares of Crane Inc. (basis of $33,200). He sold 200 shares of his Crane stock for $8,000 on August 1, Year 6. On August 8, Year 6, Matthew purchased 120 shares of Crane for $2,500. What is his recognized capital loss from the sale of his Crane Inc. shares? (Enter loss using either a negative sign preceding the number eg -45 or parentheses eg. (45).) Matthew's recognized capital loss is $ What is Matthew's basis in the newly acquired stock? Matthew's basis in the new shares is $
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