What can Hanna be told accurately about the basis and the holding period of the shares acquired on November 5?

The correct choice states that the basis is $6,500, and the holding period begins on November 5, 2024. This indicates that the shares were likely acquired in a manner where the cost basis is determined by a specific valuation, possibly linked to a prior transaction, while the holding period reflects the date of acquisition.

When a new share acquisition is recognized, the basis typically includes any costs associated with purchasing shares, such as commissions or fees, which in this case may align with the indicated amount of $6,500. The date on which the holding period begins is crucial; it starts the moment the shares are formally acquired. The option references November 5, 2024, which aligns with the acquisition date by indicating a future perspective, suggesting that the transaction has specific tax implications that necessitate a defined holding period upon acquisition.

Understanding the importance of both the basis and holding period is fundamental for tax planning, as the gain or loss on the sale of shares will depend heavily on these details. Therefore, this choice accurately captures the basis calculation and the correct timing for the holding period.