Dustin buys 200 shares of Monroe Corporation common stock on December 1, 2013, for $2,000. He buys an additional 200 shares for $1,800 on December 23, 2014. On December 28, 2014, Dustin sells the first 200 shares for $1,700. He sells the last 200 for $1,600 on June 15, 2015. What is are) the amounts) and the year of recognition of losses that Dustin can recognize? 2013 2014

Question

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Dustin can recognize a loss of $300 in 2014 from the sale of the first 200 shares ($2,000 - $1,700). The sale of the second 200 shares in 2015 results in a loss of $200 ($1,800 - $1,600), but this is recognized in 2015, not 2014.

Dustin Buys 200 Shares of Monroe Corporation Common Stock on December