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several years ago, John (who is single) purchased 2000 shares of red corporation`s stock from the corporation which qualified as a small business. During 2021,
several years ago, John (who is single) purchased 2000 shares of red corporation`s stock from the corporation which qualified as a small business. During 2021, John sold his red corporation stock to Mike for $3000. (a) what is the price per share of the red stock that John purchased. (b) calculate gain/loss from the sale of red corporation stock. (c) calculate the amount of capital loss which can be reported under IRC 1244
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