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In 2019, Bilal sold 200 shares of Delta Inc., which he had owned for five years, for $1,300. Bilal's basis in the shares was $7,300.
In 2019, Bilal sold 200 shares of Delta Inc., which he had owned for five years, for
$1,300. Bilal's basis in the shares was $7,300. How much of the loss may Bilal deduct in 2019?
Fahad sold 200 shares of Amazon stock for $4,200 and 600 shares of Telsa stock for $17,800. He purchased the Amazon stock two years ago for $2,400 and the Telsa stock two years ago for $6,200. What is the net effect of these sales on Fahads income?
A. | $13,400 net gain. | |
B. | $9,800 net loss. | |
C. | 1 $1,800 net gain.
| |
D. | $11,600 net gain. | |
E. | some other amount. |
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