Kim owns 100 shares of ABC Inc. with a basis of $50 per share. On December 10
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Kim owns 100 shares of ABC Inc. with a basis of $50 per share. On December 10 of year 1, she acquires 30 more shares of ABC Inc. for $30 a share. On December 31 of year 1, she sells 90 of her original shares for $40 a share.
What is the basis in Kim's remaining 40 shares of ABC Inc.?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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