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How much loss may irene recognize

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Question - Irene purchased 100 shares of L Corporation common stock for $20,000 on January 1.  On November 30th, she sold the shares for $15,000. On December 30th, she purchased another 100 shares of L Corporation common stock for $17,000. How much loss may Irene recognize? What is her basis in the L Corporation shares?

Reference no: EM133092659

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