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2) Taxpayer, who is single, purchased 300 shares of XYZ Corporation in January 2015 at a cost of $20 per share (total cost of $6,000).

2) Taxpayer, who is single, purchased 300 shares of XYZ Corporation in January 2015 at a cost of $20 per share (total cost of $6,000). On 15 December 2019, Taxpayer sold all 300 shares for a price of $15 per shares (total sales price of $4,500). By 10 January 2020, market conditions had changed, and Taxpayer decided to purchase another 300 shares of XYZ Corporation at a cost of $19 per share (total cost of $5,700). Determine Taxpayer's basis in the 350 shares acquired in January of 2020.

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