Three years ago, Alex purchased $330$ shares of stock in J Corporation for $$25,200.$ On February $20$ of year $4,$ Alex sells the $330$ shares for $$28,900.$

Part$-$a

a$.$ What is Alex's capital gain or loss from the sale on February $20$ of year $4?$

Part$-$b

b$.$ Assuming Alex has no other capital gains or losses, except that on December $10$ of year $5,$ Alex purchases $330$ shares of J Corporation stock for $$27,500.$ How much gain or loss from the sale on February $20$ of year $4$ is taxable on Alex's year $4$ tax return? What basis

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