Problem $7-51($LO $7-2)($Algo$)$

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Three years ago, Adrian purchased $390$ shares of stock in X Corporation for $$50,310.$ On December $30$ of year $4,$ Adrian sells the $390$ shares for $$41,730.$

Note: Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.

Problem $7-51$ Part$-$b $($Algo$)$

b$.$ Assuming Adrian has no other capital gains or losses, except that on January $20$ of year $5,$ Adrian purchases $390$ shares of X Corporation stock for $$41,730.$ 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 $5?$