Solved: Matthew sold 200 shares of xerox stock on december 23 2012, Accounting Basics

Matthew sold 200 shares of xerox stock on december 23 2012

Question - Matthew sold 200 shares of Xerox stock on December 23, 2012. The stock had a basis of $4,000 and was sold for $2,100. When Matthew funds his IRA on January 3, 2013, he causes the IRA to purchase 400 shares of Xerox for $4,000. Can Matthew deduct the loss on the sale of the Xerox stock?

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Accounting Basics: Matthew sold 200 shares of xerox stock on december 23 2012

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Accounting Basics: Matthew sold 200 shares of xerox stock on december 23 2012

Reference No:- TGS02858312

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