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In 2007, Kara bought 1,000 shares of Ford Company stock at a price of $24 per share. On May 1 of the current year, Kara

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In 2007, Kara bought 1,000 shares of Ford Company stock at a price of $24 per share. On May 1 of the current year, Kara sold 500 shares of Ford Motor Company stock for S15 per share. She then purchased 300 shares of Ford Motor Company stock on May 23rd of the same year for S14 per share. What amount of gain or loss can Kara recognize this year for tax purposes? (Assume there were no other capital gains or losses.) 53.000 long term capital loss $1,800 long-term capital loss $4,500 long-term capital loss SO $2,700 long-term capital loss

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