On December 28, 2021, Kramer sells 150 shares of Lavender, Inc. stock for $77,000. On January 10, 2022, he purchases 100 shares of the same stock for $82,000. 

a. Assuming that Kramer’s adjusted basis for the stock sold is $65,000, what is his recognized gain or loss? What is his basis for the new shares?

b. Assuming that Kramer’s adjusted basis for the stock sold is $89,000, what is his recognized gain or loss? What is his basis for the new shares?

c. Advise Kramer on how he can avoid any negative tax consequences encountered in part (b).