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Required information (The following information applies to the questions displayed below.] Deirdre sold 146 shares of stock to her brother, James, for $3,650. Deirdre purchased
Required information (The following information applies to the questions displayed below.] Deirdre sold 146 shares of stock to her brother, James, for $3,650. Deirdre purchased the stock several years ago for $5,694.(Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) a. What gain or loss does Deirdre recognize on the sale? Recognized gain or loss Required information [The following information applies to the questions displayed below.) Deirdre sold 146 shares of stock to her brother, James, for $3,650. Deirdre purchased the stock several years ago for $5,694. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) b. What amount of gain or loss does James recognize if he sells the stock for $5,986? Recognized gain or loss
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