Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,000 on January 15, 2009. On December 31, 2011 she sold all 1,000 shares of her Ibis stock for $4,500. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2012 for $3,000. What is Ms. Fresh's recognized loss on her 2011 sale and what is her basis in her 1000 shares purchased in 2012?
Recently Asked Questions
- Hi, please answer this by detail explain. I don't know why -11000 is incorrect Henrique, Inc. is a retail company that sells computers. Henrique, Inc. Pays
- I have 3 questions regarding my Accounting homework this week. I will post each individually. This one is in regards to annotating bad debt into the general
- Why do the tropics receive more precipitation than areas at higher latitudes ?