Question: Please send the answer first and then add the explanations in the comments I need the answer fast. Thank you! Dr. Hu owns 1,357 shares
Please send the answer first and then add the explanations in the comments I need the answer fast. Thank you!
Dr. Hu owns 1,357 shares of EVKars Ltd. They have an ACB of $34 a share. On August 20,2020 she sells all of these shares at $12 per share. On August 25, 2020, she acquires 528 shares of EVKars Ltd at a cost of $10.64 per share and is still holding the shares at the end of the year.
What allowable capital loss, if any, will Dr. Hu have from the EVKars Ltd transactions in 2020?
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