Sylvia owns 1,000 shares of Sidney Sails,Inc. ,for which she paid $18,000 several years ago.On March 15,she purchases 400 additional shares for $5,000.Sylvia sells the original 1,000 shares for $13,500 on April 1.These are her only stock transactions during the year.Sylvia's capital loss deduction for the current year and her basis in the new shares are:

Capital loss Basis

Question

Sylvia owns 1,000 shares of Sidney Sails,Inc. ,for which she paid $18,000 several years ago.On March 15,she purchases 400 additional shares for $5,000.Sylvia sells the original 1,000 shares for $13,500 on April 1.These are her only stock transactions during the year.Sylvia's capital loss deduction for the current year and her basis in the new shares are:
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Capital loss Basis

Quizplus · Accepted Answer

The Answer of Sylvia owns 1,000 shares of Sidney Sails,Inc. ,for which she paid $18,000 several years ago.On March 15,she purchases 400 additional shares for $5,000.Sylvia sells the original 1,000 shares for $13,500 on April 1.These are her only stock transactions during the year.Sylvia's capital loss deduction for the current year and her basis in the new shares are:
​
Capital loss Basis

Sylvia Owns 1,000 Shares of Sidney Sails,Inc