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Business, 20.11.2020 17:00 jrios4983

Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000 shares of her Ibis stock for $4,550. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2021, for $3,025. What is Ms. Fresh's recognized loss on her 2020 sale, and what is her basis in her 1,000 shares purchased in 2021?a. $0 LTCL and $4,850 basis. b. $560 LTCL and $4,290 basis. c. $840 LTCL and $4,010 basis. d. $1,120 LTCL and $3,730 basis. e. $1,400 LTCL and $3,450 basis.

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Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December...
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