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Omar Has the Following Stock Transactions During 2019 A What Is Omar's Recognized Gain or Loss on the Stock

Question 181

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Omar has the following stock transactions during 2019:  Stock  Date  Number of  Number of  Basis  Selling Price  Purchased /Sold  Shares/Sold  Shares  Purchased  Orange 1/2017100$1,000 Blue 6/20172003,000 Yellow 4/2018501,250\begin{array}{lccc}\text { Stock }&\text { Date }&\text { Number of }&\text { Number of }&\text { Basis }&\text { Selling Price }\\&\text { Purchased /Sold }&\text { Shares/Sold }&\text { Shares }\\&&&\text { Purchased }\\\text { Orange } & 1 / 2017 && 100 & \$ 1,000 \\\text { Blue } & 6 / 2017 && 200 & 3,000 \\\text { Yellow } & 4 / 2018 && 50 & 1,250\end{array}  Blue 2/20191501,800 Yellow 3/20191755,250 Blue 7/2019250$3,500 Yellow 11/20192007,200\begin{array}{lccccc}\text { Blue } & 2 / 2019 & & 150 & 1,800 & \\\text { Yellow } & 3 / 2019 & & 175 & 5,250 & \\\text { Blue } & 7 / 2019 & 250 & & & \$ 3,500 \\\text { Yellow } & 11 / 2019 & 200 & & & 7,200\end{array}
a. What is Omar's recognized gain or loss on the stock sales if his objective is to minimize the recognized gain and to maximize the recognized loss?
b. What is Omar's recognized gain or loss if he does not identify the shares sold?

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a. Since Omar's objective is to minimize...

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