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Other Fields Homework Help Accounting Topic started by: Sheena Maskell on Jan 9, 2017



Title: Ashley, a calendar year taxpayer, owns 400 shares of Yale Corporation stock that she purchased two ...
Post by: Sheena Maskell on Jan 9, 2017
Ashley, a calendar year taxpayer, owns 400 shares of Yale Corporation stock that she purchased two years ago for $4,000. In the current year Ashley sells all 400 shares of the Yale Corporation stock for $2,400 on December 27. On January 4 of the following year, Ashley purchases 300 shares of Yale Corporation stock for $800. Ashley's recognized loss and her basis in the newly purchased 300 shares of Yale Corporation stock are
A) Recognized Loss   Basis
   $0   $3,200.   
B) Recognized Loss   Basis
   $400   $2,000.
C) Recognized Loss   Basis
   $1,200   $2,000.
D) Recognized Loss   Basis
   $1,600   $   800.


Title: Re: Ashley, a calendar year taxpayer, owns 400 shares of Yale Corporation stock that she purchased ...
Post by: MsLippy on Jan 9, 2017
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Title: Re: Ashley, a calendar year taxpayer, owns 400 shares of Yale Corporation stock that she purchased two ...
Post by: Sheena Maskell on Mar 20, 2017
Thank you so much