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Problem: 7 - 5 1 ( Algo ) Three years ago, Adrian purchased 3 9 0 shares of stock in X Corporation for $ 5
Problem: Algo
Three years ago, Adrian purchased shares of stock in X Corporation for $ On December of year Adrian sells the shares for $
a What is the total loss Adrian incurred from the sale on December of year
b Assuming Adrian has no other capital gains or losses, except that on January of year Adrian purchases shares of X Corporation stock for $ How much loss from the sale on December of year is deductible on Adrian's year tax return? What basis does Adrian take in the stock purchased on January of year
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