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Home / Questions / Ten years ago Ms Dee purchased 1700 shares of Fox common stock for $137 per

Ten years ago Ms Dee purchased 1700 shares of Fox common stock for $137 per

Ten years ago, Ms. Dee purchased 1,700 shares of Fox common stock for $137 per share. On June 2 of the current year she sold 750 shares for $101 per share. Compute Ms. Dee’s recognized loss on sale assuming that:

  1. She purchased 850 shares of Fox common stock on June 28 for $103 per share.
  2. She purchased 850 shares of Fox common stock on August 10 for $108 per share.
  3. Compute Ms. Dee’s tax basis in the 850 shares purchased in a.
  4. Compute Ms. Dee’s tax basis in the 850 shares purchased in b.

Jan 31 2020 View more View Less

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