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Required information Problem 7-53 (LO 7-2) (Algo) [The following information applies to the questions displayed below.) Christina, who is single, purchased 380 shares of

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Required information Problem 7-53 (LO 7-2) (Algo) [The following information applies to the questions displayed below.) Christina, who is single, purchased 380 shares of Apple Incorporated stock several years ago for $18,240. During her year-end tax planning, she decided to sell 190 shares of Apple for $8.170 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 190 shares (cost of $8,550) of Apple back before prices skyrocket. (Leave no answers blank. Enter zero if applicable.) Problem 7-53 Part-b (Algo) b. Assume the same facts, except that Christina repurchased only 95 shares for $4,275. What is Christina's deductible loss on the sale of 190 shares? What is her basis in the 95 new shares? Deductible loss Basis Answer is not complete. 950

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