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Aran owns 200 shares of Omni Inc. (basis of $15,000). He sold 100 shares of his Omni stock for $4,000 on August 1, Year 6.

Aran owns 200 shares of Omni Inc. (basis of $15,000). He sold 100 shares of his Omni stock for $4,000 on August 1, Year 6. On August 8, Year 6, Aran purchased 60 shares of Omni for $2,500.

What is his recognized capital loss from the sale of his Omni Inc. shares?

What is Aran's basis in the newly acquired stock?

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