Question: Discussion Question 1 4 - 1 6 ( LO . 4 , 5 ) Question Content Area Mort owns 5 0 0 shares of Pear,
Discussion Question LO Question Content Area Mort owns shares of Pear, Inc. stock with an adjusted basis of $ On July he sells shares for $ On August he purchases another shares for $ Mort's realized loss of $$ $ on the July sale is not recognized, and his adjusted basis for the shares purchased on August is $ a The transaction because repurchase of the Pear stock is within of the original sale of the Pear stock. Question Content Area b How would your answer in part a change if Mort purchased the shares on December rather than on August This transaction under the wash sale provisions. Therefore, Mort's realized loss recognized.
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