Wash sales On February 16, year 1, Fred Samson purchased 100 shares of Oscar Corporation stock at $40 per share. On July 28, year 5, he sold the 100 shares at $25 per share. On August 10, year 5, he purchased 100 shares of Oscar Corporation at $30 per share. These are the only capital asset transactions by the Samsons during year 5. What is Fred's basis PER SHARE in each of the 100 shares of Oscar?

Income Tax