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In 2008, Ms. Dee purchased 1,000 shares of Fox common stock for $124 per share. On June 2 of the current year she sold 500 shares for $92 per share. Compute Ms. Dee’s recognized loss on sale assuming that:
a. She purchased 600 shares of Fox common stock on June 28 for $94 per share.
b. She purchased 600 shares of Fox common stock on August 10 for $99 per share.
c. Compute Ms. Dee’s tax basis in the 600 shares purchased in a.
d. Compute Ms. Dee’s tax basis in the 600 share purchased in b.
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