An investor buys 500 shares of stock on Jan. 2, 2018 for $35,000. On November 1, 2018 the investor buys an additional 500 shares for $25,000. On November 28, the investor sells 500 shares for $22,000. the investor identifies the shares acquired on November 1 as the shares sold. What is the amount of the gain/loss on the transaction? Is the loss currently deductible? On December 31, 2018 what is the basis of the stock acquired on January 2? How did you determine the basis of the shares? What is the holding period of the stock acquired on January 2 as of December 31?