B sold 300 shares of corporate stock for $2,500 on March 15, 2012.B had a basis in the shares of $5,500.On February 27, 2012, B had purchased 150 shares of identical stock for $1,300.How much are B's gain or (loss) recognized and her basis in the new shares, respectively, from these transactions?

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B's recognized loss is calculated as the difference between the selling price ($2,500) and the original basis ($5,500), resulting in a loss of $3,000. However, due to the wash sale rule, which applies because B purchased identical stock within 30 days before the sale, $1,500 of the loss is disallowed and added to the basis of the new shares. Therefore, the recognized loss is $1,500 ($3,000 - $1,500), and the basis in the new shares is $2,800 ($1,300 + $1,500).

B Sold 300 Shares of Corporate Stock for $2,500 on March