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Required information [The fowowing information applies to the questions disployed below] Christina, who is single, purchased 440 shares of Apple incorporated stock several years ago
Required information [The fowowing information applies to the questions disployed below] Christina, who is single, purchased 440 shares of Apple incorporated stock several years ago for $19,800. Duting her year-end tax planning, she decided to sell 220 shares of Apple for $8,800 on December 30 . However. two weeks later, Apple introdiced ifs latest iPtrone, and she decited that she should bry the 220 shares (cost of 59.240 ) of Apple back before prices shyrocket. Note: Leave no answers blank. Enter zero if applicoble. Assume the same facts, except that Christina repurchased only 110 shares for $4,620. What is Christina's deductible loss on the sale 220 shares? What is her basis in the 110 new shares
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