Question
Jamie enjoys researching, buying, and selling stock. She purchased 500 shares of Sterile Inc. stock on March 10, Year 12 for $5,000. Unfortunately, Sterile Inc's
Jamie enjoys researching, buying, and selling stock. She purchased 500 shares of Sterile Inc. stock on March 10, Year 12 for $5,000. Unfortunately, Sterile Inc's stock price took a downturn, so Jamie sold her entire position on June 5, Year 12 for $2,000. She wanted to reestablish her position in the Sterile Inc. stock, so she repurchased 500 shares on June 30, Year 12 for $2,500. (a) What is Jamie's recognized capital loss from the sale of her Sterile Inc. shares? (Do not leave any answer field blank. Enter O for amount. Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Jamie's recognized capital loss is $
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