Thomas had the following stock transactions:

October 26, Year 1 Purchased 45 shares of XYZ stock for $540 January 24, Year 2 Sold all 45 shares of XYZ stock for $360 February 17, Year 2 Repurchased 45mshares of XYZ for $380 What is the recognized capital gain or loss from the sale in Year 2 and Thomass basis in the shares purchased in Year 2?

$180loss; $560basis $180loss; $380basis No recognized gain or loss; $560basis No recognized gain or loss; $380basis