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How much gain or loss does Charlamagne recognize

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Reference no: EM132991233

Problem - Charlemagne had the following transactions dealing with ExxonMobile Common Stock:

Date

Transaction

#Shares

Price per share

September 28, 2018

Purchased

100

$85

October 10, 2020

Purchased

100

$34

October 29, 2020

Sold

80

$33

Required -

1. How much gain or loss does Charlamagne recognize in total in 2020 with respect to ExxonMobile stock transactions?

2. What is Charlamagne's basis in the ExxonMobile Common Stock she still owns on December 31, 2020?

Reference no: EM132991233

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