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17. George purchased 100 shares of Gold Corporation stock for $11,500 on January 2, 2020. During 2020, he sells 25 shares of the 100 shares

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17. George purchased 100 shares of Gold Corporation stock for $11,500 on January 2, 2020. During 2020, he sells 25 shares of the 100 shares purchased on January 2, 2020, for $2,500. Twenty-five days earlier, he had purchased 30 shares for $3,000. What is George's recognized gain or loss on the sale of the stock, and what is his basis in the 30 shares purchased 25 days earlier? a $375 recognized loss, $3,000 basis in new stock b. $0 recognized loss, $3,000 basis in new stock c. $0 recognized loss, $3,375 basis in new stock d. $0 recognized loss, $3,450 basis in new stock

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