Aran owns 200 shares of Omni Inc. (basis of $15,000). He sold 100 shares of his Omni stock for $4,000 on August 1, Year 6. On August 8, Year 6, Aran purchased 60 shares of Omni for $2,500. 

What is his recognized capital loss from the sale of his Omni Inc. shares? (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 

What is Aran's basis in the newly acquired stock?

Answer rating: 100% (QA)

SOLUTION To calculate Arans recognized capital loss from the sale of his Omni Inc shares we need to ... View the full answer