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Required information Skip to question [ The following information applies to the questions displayed below. ] Christina, who is single, purchased 5 0 0 shares

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Christina, who is single, purchased 500 shares of Apple Incorporated (Nasdaq: AAPL) stock several years ago for $21,000. During her year-end tax planning, she decided to sell 250 shares of Apple for $9,250 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 250 shares (cost of $9,750) of Apple back before prices skyrocket.
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a. What is Christina's deductible loss on the sale of 250 shares? What is her basis in the 250 new shares?

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