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Required information The following information applies to the questions displayed below] Three years ago, Adrian purchased 430 shares of stock in X Corp. for $70.950.

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Required information The following information applies to the questions displayed below] Three years ago, Adrian purchased 430 shares of stock in X Corp. for $70.950. On December 30 of year 4. Adrian sells the 430 shares for $64,070. (Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.) a. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 4 tax return? Deductible loss Required information (The following information applies to the questions displayed below) Three years ago, Adrian purchased 430 shares of stock in X Corp. for $70.950. On December 30 of year 4. Adrian sells the 430 shares for $64,070. (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 430 shares of X Corp. stock for $64,070. 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? Deductible loss Basis

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