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Christina, who is single, purchased 120 shares of Apple Incorporated (Nasdaq: AAPL) stock several years...

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Accounting

Christina, who is single, purchased 120 shares of Apple Incorporated (Nasdaq: AAPL) stock several years ago for $4,320. During her year-end tax planning, she decided to sell 60 shares of Apple for $1,860 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 60 shares (cost of $1,980) of Apple back before prices skyrocket.
Note: Leave no answers blank. Enter zero if applicable.
a. What is Christina's deductible loss on the sale of 60 shares? What is her basis in the 60 new shares?

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