Question: please solve and show working Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 100 shares of stock
Required information [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 100 shares of stock in X Corporation for $10,000. On December 30 of year 4 , Adrian sells the 100 shares for $6,000. Note: Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign. b. Assuming Adrian has no other capital gains or losses, except that on January 20 of year 5 . Adrian purchases 100 shares of X Corporation stock for $6,000. How much loss from the sale on December 30 of year 4 is deductible on Adrian's year 4 tax return? What basis does Adrian take in the stock purchased on January 20 of year 5
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