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.

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?

DEDUCTIBE LOSS__-?

b.Assume the same facts as in part (a), 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____?