Reiko buys 200 shares of Saratoga Corporation common stock on December 10, 2013, for $2,000. He buys an additional 200 shares for $1,800 on December 23, 2014. On December 28, 2014, Reiko sells 100 of the first 200 shares for $800. He sells the remaining 300 shares for $2,500 on November 15, 2015. What isare) the amounts) and the year of recognition of losses that Reiko can recognize? 2014 2015

Question

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Reiko recognizes a $500 loss in 2015 from selling the remaining 300 shares. The loss is calculated by subtracting the total cost of the shares sold ($3,800) from the sale price ($2,500). There is no recognized loss in 2014.

Reiko Buys 200 Shares of Saratoga Corporation Common Stock on December