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Business, 21.10.2020 16:01 terryg4397

Juan owned 400 shares of Circle Corporation stock (adjusted basis of $102,000). He sold 200 shares for $40,800. Twenty days later he purchased 200 shares of the same stock for $30,600. Required:
a. What is Juan's realized and recognized loss?
b. What is his basis in the newly acquired shares?

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Juan owned 400 shares of Circle Corporation stock (adjusted basis of $102,000). He sold 200 shares f...

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