Question: Please help me with my assignment Two years ago, Adrian purchased 100 shares of stock in X Corp. for $10,000. On December 30 2018, Adrian

Please help me with my assignment

Please help me with my assignment Two years ago, Adrian purchased 100

Two years ago, Adrian purchased 100 shares of stock in X Corp. for $10,000. On December 30 2018, Adrian sells the 100 shares for $6,000 1. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 2018 tax return? State the reason. [3 Marks] 1. Assume the same facts as in part (a), except that on January 20, 2019, Adrian purchases another 100 shares of X Corp. stock for $8,000. How much loss from the sale on December 30 2018, is deductible on Adrian's 2018 tax return? What basis does Adrian take in the stock purchased on January 20, 2019? [4 Marks]

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