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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 340 shares of Apple

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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 340 shares of Apple Incorporated stock several years ago for $17000. During her year-end tax planning, she decided to sell 170 shares of Apple for $7,650 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 170 shares (cost of $7.990) of Apple back before prices skyrocket. (Leave no answers blank. Enter zero if applicable.) Problem 7-53 Part-a (Algo) What is Christina's deductible loss on the sale of 170 shares? What is her basis in the 170 new shares? Deductible loss Basis co 11 12

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