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Required information [ The following information applies to the questions displayed below. ] Christina, who is single, purchased 4 6 0 shares of Apple Incorporated
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The following information applies to the questions displayed below.
Christina, who is single, purchased shares of Apple Incorporated Nasdaq: AAPL stock several years ago for $ During her yearend tax planning, she decided to sell shares of Apple for $ on December However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the shares cost of $ of Apple back before prices skyrocket.
Note: Leave no answers blank. Enter zero if applicable.
b Assume the same facts, except that Christina repurchased only shares for $ What is Christina's deductible loss on the sale of shares? What is her basis in the new shares?
tableDeductible lossBasis
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