On November 4, 2016, Tom purchased 2,000 shares of DDD stock for $20,000. On June 2, 2017, Tom sold the 2,000 shares for $14,000. On June 30, 2017, 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, 2017 sale and his basis in the stock from the June 30 purchase?

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The Answer of On November 4, 2016, Tom purchased 2,000 shares of DDD stock for $20,000. On June 2, 2017, Tom sold the 2,000 shares for $14,000. On June 30, 2017, 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, 2017 sale and his basis in the stock from the June 30 purchase?

On November 4, 2016, Tom Purchased 2,000 Shares of DDD