1. Kitty purchases 100 shares of Gold corporation stock for 15,000 on Jan 1, 2016. This year, she sells 30 shares of the 100 shares for 36,00. Twenty -five days before the sales, she purchases 30 shares of Gold corporation for 3,000. What does kittys recognize and report from the sales of her 30 shares of gold stock?-
2. what is kitty basis in the 30 shares of gold stock she purchased 25 days earlier?