Question: Discussion Question 1 4 - 1 6 ( LO . 4 , 5 ) Question Content Area Mort owns 5 0 0 shares of Pear,

Discussion Question 14-16(LO.4,5) Question Content Area Mort owns 500 shares of Pear, Inc. stock with an adjusted basis of $22,000. On July 28,2024, he sells 100 shares for $3,000. On August 16,2024, he purchases another 100 shares for $3,400. Mort's realized loss of $1,400($3,000 $4,400) on the July 28 sale is not recognized, and his adjusted basis for the 100 shares purchased on August 16 is $4,800. 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 100 shares on December 27,2024, rather than on August 16,2024? This transaction under the wash sale provisions. Therefore, Mort's realized loss recognized.

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