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What is basis in the stock purchased on january

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Reference no: EM132498563

Question 1: Moore brought 2,000 shares of VBT stock over the Internet on January 2 of year 4 for $50,000. On December 28 of year 3, his broker sold 3,000 shares of VBT for $85,000 that she had been holding in Moore's account. This stock had been purchased in year 1 for $100,000. What is Moore's realized and recognized gain or loss? What is his basis in the stock purchased on January 2?

Reference no: EM132498563

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