Business, 18.10.2019 21:30 pum9roseslump

Ms. crocker bought 1,000 shares of emo corporation stock for $10,000 on january 20, 2017. on december 28, 2018 she sold all 1,000 shares of her emo stock for $9,000. based on a hot tip from her friend, she bought 1,000 shares of emo stock on january 15, 2020 for $7,000. what is ms. crocker’s recognized loss on her 2019 sale and what is her basis in her 1,000 shares purchased in 2020?
$0 ltcl and $7,000 basis.$0 ltcl and $8,000 basis.$1,000 ltcl and $7,000 basis.$1,000 ltcl and $8,000 basis. none of the choices are correct.

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Ms. crocker bought 1,000 shares of emo corporation stock for $10,000 on january 20, 2017. on decembe...

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