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Juan owned 200 shares of Circle Corporation stock (adjusted basis of $84,000). He sold 100 shares for $33,600. Twenty days later he purchased 100 shares
Juan owned 200 shares of Circle Corporation stock (adjusted basis of $84,000). He sold 100 shares for $33,600. Twenty days later he purchased 100 shares of the same stock for $25,200. 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 $fill in the blank 1 of which $fill in the blank 2 is recognized. His basis in the newly acquired stock is $fill in the blank 3 .
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