Moore bought 2,000 shares of VBT stock over the Internet on January 2 of year 4 for $50,000 On December 28 of year 3, his broker sold 3,000 shares of VBT for $85,000 that she had been holding in Moore 's account This stock had been purchased in year 1 for $100,000 What is Moore 's realized and reco...

15000 realized loss 5000 recognized loss and 60000 basi ...

Moore bought 2,000 shares of VBT stock over the Internet on January 2 of year 4 for

Question:

Moore bought 2,000 shares of VBT stock over the Internet on January 2 of year 4 for $50,000. On December 28 of year 3, his sold 3,000 shares of VBT for $85,000 that she had been holding in Moore's account. This stock had been purchased in year 1 for $100,000. What is Moore's realized and recognized gain or loss? What is his basis in the stock purchased on January 2?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...