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    Realized and Recongized Gain or Loss

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    On June 4, 2012, Tyler purchased 2,000 shares of Target stock for $20,000.

    On October 15, 2012, Tyler sold the 2,000 shares for $14,000. On November 8, 2012, he purchased 1,000 shares of Target stock for $5,000.

    What is Tyler's realized and recognized gain or loss on the October 15, 2012 sale and his basis in the stock from
    the November 8, 2012 purchase?

    © BrainMass Inc. brainmass.com June 4, 2020, 3:24 am ad1c9bdddf
    https://brainmass.com/business/accounting/realized-recongized-gain-loss-513460

    Solution Preview

    Realized loss on Oct 15, 2012 = $20,000 - $14,000 = $6,000

    Initial ...

    Solution Summary

    This solution provides steps to determine realized and recognized gain or loss.

    $2.19

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