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What is John adjusted basis in the shares of Intel stock

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Reference no: EM132905903

Question - John bought 1,000 shares of Intel stock on October 18, 2016, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2020, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. What is John's adjusted basis in the 1,000 shares of Intel stock?

Reference no: EM132905903

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