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Exercise 14-25 (Algorithmic) (LO.4) Juan owned 200 shares of Circle Corporation stock (adjusted basis of $100,000). He sold 100 shares for $40,000. Twenty days later

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Exercise 14-25 (Algorithmic) (LO.4) Juan owned 200 shares of Circle Corporation stock (adjusted basis of $100,000). He sold 100 shares for $40,000. Twenty days later he purchased 100 shares of the same stock for $30,000. What is Juan's realized and recognized loss? If an amount is zero, enter "0". What is his basis in the newly acquired shares? Juan records a realized loss of of which s Is recognized. His basis in the newly acquired stock is

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