On May 5, 2013, Samantha sells her stock (adjusted basis of $45,000) in Rose, Inc., a publicly traded company, for $60,000. On May 31, 2013, she pays $65,000 for stock in Lime, Inc., a specialized small business investment company. Samantha believes that her adjusted basis for the Lime stock is $45,000.
a. Evaluate Samantha's calculation of the adjusted basis for her Lime stock.
b. How would your answer change if Samantha purchased the replacement stock on July 15 rather than on May 31?