Three years ago, Adrian purchased 455 shares of stock in X Corp. for $75,985. On December 30 of year 4, Adrian sells the 455 shares for $66,885.(Leave no answers blank. Enter zero if applicable.)

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?

b.Assume the same facts as in part (a), except that on January 20 of year 5, Adrian purchases 455 shares of X Corp. stock for $66,885. How much loss from the sale on December 30 of year 4 is deductible on Adrians year 4 tax return? What basis does Adrian take in the stock purchased on January 20 of year 5?

Deductible Loss? Basis?