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Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2018. On December 31, 2020, she sold all 1.000 shares of
Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2018. On December 31, 2020, she sold all 1.000 shares of her bis stock for $4,800. Based on a hot tip from her friend, she bought 1000 shares of Ibis stock on January 23, 2021, for $3,150. What is Ms. Fresh's recognized loss on her 2020 sale, and what is her basis in her 1,000 shares purchased in 2021? 2-24 Multiple Choice SO LTCL and $3,950 basis O $320 LTCL and $3,630 basis $480 LTCL and $3,470 basis
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