D Question 12 3 pts Ms. Ellis sold 889 shares of publicly traded Omer stock (tax basis $161,400) for $125,000 cash on July 2. She paid $136,200 cash to purchase 900 Omer shares on August 6 Compute Ms. Ellis loss recognized on the July 2 sale and determine her tax basis in the 900 shares Time Run 37 Minute O $36,400 loss recognized, $136,200 basis O No loss recognized $136,200 basis No loss recognized: $172,600 basis $36,400 loss recognized $125,000 basis Previous Next