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please help solve and show each step/explanation! 18. Cristian owns 1,000 shares of Autrey Motors, Inc., for which he paid $20,000 several years ago. On
please help solve and show each step/explanation!
18. Cristian owns 1,000 shares of Autrey Motors, Inc., for which he paid $20,000 several years ago. On March 15 , he purchases 600 additional shares for $7,000. Cristian sells the original 1,000 shares for $12,000 on April 1 . These are his only stock transactions during the year. Cristian's capital loss deduction for the current year and his basis in the new shares are Step by Step Solution
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