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Karen purchased 100 shares of Gold corporation common stock for $11,500 on January 18, 2017. In 2019 she sells 25 of the 100 for $2,500
Karen purchased 100 shares of Gold corporation common stock for $11,500 on January 18, 2017. In 2019 she sells 25 of the 100 for $2,500 (total). Twenty-five days earlier she had purchased 20 shares of Gold Corporation common shares for $3,000.
A. What is her realized gain or loss on the sale of the stock?
B. What is her recognized gain or loss on the sale of the stock?
C. What is her basis in the 20 shares purchased 25 days earlier?
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