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18 September, 10:58

Karen purchased 100 shares of Gold Corporation stock for $11,500 on January 2, 2019. During 2019, she sells 25 shares of the 100 shares purchased on January 2, 2019, for $2,500. Twenty-five days earlier, she had purchased 30 shares for $3,000. What is Karen's recognized gain or loss on the sale of the stock, and what is her basis in the 30 shares purchased 25 days earlier

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  1. 18 September, 11:44
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    25 days earlier because 2,500 was made in 2019 25 days earlier
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