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Mimi sells 50 shares of Marie Corp common stock on June 23 for $1,000 that results in a $700 capital loss. On July 23, Mimi

Mimi sells 50 shares of Marie Corp common stock on June 23 for $1,000 that results in a $700 capital loss. On July 23, Mimi purchases 100 shares of Marie Corp common stock for $2,000. What IRC subsection discusses how to determine the basis of the repurchased shares of Marie Corp stock? Explain how to determine the basis of repurchased shares of Marie Corp.

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