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Problem: 7 - 5 1 ( Algo ) Adrian bought 3 9 0 shares of X Corporation for $ 5 0 , 3 1 0

Problem: 7-51(Algo)
Adrian bought 390 shares of X Corporation for $50,310 three years ago. He sold all shares on December 30 of year 4 for $41,730.
a. How much loss does Adrian incur from the sale on December 30 of year 4?
b. Assuming Adrian has no other capital gains or losses, if he purchases 390 shares of X Corporation stock for $41,730 on January 20 of year 5, how much of the loss from the sale on December 30 of year 4 is deductible on Adrian's year 4 tax return? What is A
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