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 ?