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that answer is not correct Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,400 on January 15, 2019. On December 31, 2021, she
that answer is not correct
Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,400 on January 15, 2019. On December 31, 2021, she sells all 1,000 shares of her Ibis stock for $4,700. Based on a hot tip from her friend, she buys 1,000 shares of Ibis stock on January 23, 2022, for $3,100. What is Ms. Fresh's recognized loss on her 2021 sale, and what is her basis in her 1,000 shares purchased in 2022? Multiple Choice $280 LTCL and $3,520 basis. $700 LTCL and $3,100 basis. $560 LTCL and $3,240 basis. $0 LTCL and $3,800 basis. o $420 LTCL and $3,380 basisStep by Step Solution
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