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Mr. Hippo owns 10000 shares of lowland corporation common stock which he purchaed on March 8, 2011 for $200,000. On October 3, 2018 Hippo purchased
Mr. Hippo owns 10000 shares of lowland corporation common stock which he purchaed on March 8, 2011 for $200,000. On October 3, 2018 Hippo purchased an additional 4,000 shares for 76000. On october 12, 2018 he sells the original 10,000 shares for 170,000. on november 1, 2018 he purchaes an additional 4,000 shares for 66. 000
What are the basis and the holding periods for the 4,000 stock purchased on Oct 3rd and Nov 1st.
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