1. Same facts as previous question except Harry does not use the default method. What is Harrys realized gain or loss on the sale of the 1 share of ABC Corp. if Harry uses the specific identification method to maximize his tax losses in 2020? Enter gain as a positive number or loss as a negative number

Hint: the equation to calculate gain/loss on the sale is Amount Realized less Adjusted Basis; therefore, in order to maximizes losses, Harry will want to sell the share with the highest basis