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Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 215 shares of stock in X Corporation for $38,485.

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Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 215 shares of stock in X Corporation for $38,485. On December 30 of year 4 , Adrian sells the 215 shares for $33,325. Note: 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 215 shares of X Corporation stock for $33,325. 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 ? Answer is complete but not entirely correct

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