Essay
On November 4, 2017, Tom purchased 2,000 shares of DDD stock for $20,000. On June 2, 2018, Tom sold the 2,000 shares for $14,000. On June 30, 2018, he purchased 1,000 shares of DDD stock for $5,000. What is Tom's realized and recognized gain or loss on the June 2, 2018 sale and his basis in the stock from the June 30 purchase?
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This is a wash sale for 1,000 of the 2,0...View Answer
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