Three years ago, Adrian purchased 100 shares of stock in X Corp. for $10,000. On December 30 of year 4, Adrian sells the 100 shares for $6,000. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.)

Problem 5-64 Part b

b-1. Assume the same facts as in part (a), except that on January 20 of year 5, Adrian purchases 100 shares of X Corp. stock for $6,000. How much loss from the sale on December 30 of year 4 is deductible on Adrians year 4 tax return?

Problem 5-81 (LO 5-3)

This year, Leron and Sheena sold their home for $750,000 after all selling costs. Under the following scenarios, how much taxable gain does the home sale generate for Leron and Sheena? (Leave no answer blank. Enter zero if applicable.)

Problem 5-81 Part a

Problem 5-81 (LO 5-3)

[The following information applies to the questions displayed below.] This year, Leron and Sheena sold their home for $750,000 after all selling costs. Under the following scenarios, how much taxable gain does the home sale generate for Leron and Sheena? (Leave no answer blank. Enter zero if applicable.)

Problem 5-81 Part c

c. Leron and Sheena bought the home five years ago for $500,000. They lived in the home for three years until they decided to buy a smaller home. Their home has been vacant for the past two years.

a. Leron and Sheena bought the home three years ago for $150,000 and lived in the home until it sold.