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Required information [The following information applies to the questions displayed below.) Christina, who is single, purchased 340 shares of Apple Inc. stock several years ago

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Required information [The following information applies to the questions displayed below.) Christina, who is single, purchased 340 shares of Apple Inc. stock several years ago for $17,000. 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.) d a. What is Christina's deductible loss on the sale of 170 shares? What is her basis in the 170 new shares? $ 0 Deductible loss Basis s 8,330 X MacBook Air Required information [The following information applies to the questions displayed below.) Christina, who is single, purchased 340 shares of Apple Inc. stock several years ago for $17,000. 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.) b. Assume the same facts, except that Christina repurchased only 85 shares for $3,995. What is Christina's deductible loss on the sale of 170 shares? What is her basis in the 85 new shares? Deductible loss Basis $ $ 170 4,165

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