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! Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 275 shares of stock in X Corporation for
! Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 275 shares of stock in X Corporation for $34,100. On December 30 of year 4, Adrian sells the 275 shares for $25,850. (Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.) b. Assuming Adrian has no other capital gains or losses, except that on January 20 of year 5, Adrian purchases 275 shares of X Corporation stock for $25,850. How much loss from the sale on December 30 of year 4 is deductible on Adrian's year 4 tax return? What basis does Adrian take in the stock purchased on January 20 of year 5? X Answer is complete but not entirely correct. Deductible loss $ 0 Basis $ 20,600 X
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