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Ellyn owns 100 shares of ABC stock la publicly traded company) It has a fair market value of $10,000 and a tax basis of $12,000.

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Ellyn owns 100 shares of ABC stock la publicly traded company) It has a fair market value of $10,000 and a tax basis of $12,000. On December 15, 2018 she sells the stock for $10,000. On January 2, 2019 she purchases 100 shares of ABC stock for $10.500. On December 15, 2019 Ellyn sells the 100 shares of ABC stock for $15,000. What gain or loss does Ellyn recognize in 2018 and 2019? Multiple Choice 2018 no gain or loss recognized 2019 $2500 gan recognized 2018 $2000 loss recognized : 2019 $2500 gain recognized o 2018 no gain or loss: 2019 $4500 gain recognized 2018 $2000 loss recognized : 2019 $4500 gain recognized O

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