George bought the following amounts of Stock A over the years Note Loss amounts should be indicated with a minus sign Date Purchased Number of Shares Adjusted Basis Stock A 1 1 2 1 1 9 9 7 1 , 1 3 0 $ 2 7 , 1 2 0 Stock A 3 1 8 2 0 0 3 5 6 5 1 0 , 1 7 0 Stock A 5 2 2 2 0 1 2 8 8 0 3 1 , 6 8 0 On October 1 2 , 2 0 2 3 , he sold 1 , 3 9 5 of his shares of Stock A for $ 3 8 per share b How much gain or loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 8 8 0 shares from the 5 2 2 2 0 1 2 purchase and 5 1 5 shares from the 1 1 2 1 1 9 9 7 purchase

Question

George bought the following amounts of Stock A over the years  Note  Loss amounts should be indicated with a minus sign  Date Purchased Number of Shares Adjusted Basis Stock A 1 1   2 1   1 9 9 7 1 , 1 3 0 $ 2 7 , 1 2 0 Stock A 3   1 8   2 0 0 3 5 6 5 1 0 , 1 7 0 Stock A 5   2 2   2 0 1 2 8 8 0 3 1 , 6 8 0 On October 1 2 , 2 0 2 3 , he sold 1 , 3 9 5 of his shares of Stock A for $ 3 8 per share  b   How much gain or loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 8 8 0 shares from the 5   2 2   2 0 1 2 purchase and 5 1 5 shares from the 1 1   2 1   1 9 9 7 purchase

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George bought the following amounts of Stock A over the years: Note: Loss amounts should be indicated with a minus sign. Date Purchased Number of

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