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  3. eight years ago, sw purchased 1,000 shares of de s

Eight years ago, SW purchased 1,000 shares of De stock. On May 20 of the...

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Question

Accounting

Eight years ago, SW purchased 1,000 shares of De stock. On May 20 of the current year, it sold these
10
for $90 per share.
points
02:40:38
Required:
In each case in which SW purchased 1,200 Delta S skipped compute its tax basis in the shares.
b. SW's cost basis in the 1,000 shares was $104 pe It purchased 1,200 shares of Delta on May 1 for share.
c. SW's cost basis in the 1,000 shares was $104 pe It purchased 1,200 shares of Delta on June 8 for share.
References
d. SW's cost basis in the 1,000 shares was $79 per purchased 1,200 shares of Delta on June 8 for $ share.
\table[[,Tax basis],[b.,],[c.,],[d.,]]
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