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Robert purchased 100 shares of TKO Inc. stock on January 26 , Year 3 for $10,000. He purchased 75 more TKO shares on February 14
Robert purchased 100 shares of TKO Inc. stock on January 26 , Year 3 for $10,000. He purchased 75 more TKO shares on February 14 , Year 3 for $7,000. He then sold his original 100 shares on February 20 , Year 3 for $8,500. What is Robert's recognized capital loss from the sale of his TKO Inc. shares? (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Robert's recognized capital loss is \$ What is his basis in the newly acquired stock? Robert's basis in the new shares is $
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