Question: Assume the same facts as in question 1, except the investor identifies the shares acquired on November 1 as the shares sold. What is the

Assume the same facts as in question 1, except the investor identifies the shares acquired on November 1 as the shares sold.

What is the amount of the gain/loss on the transaction?

Is the loss currently deductible?

On December 31, 2018, what is the basis of the stock acquired on January 2? How did you determine the basis of the shares?

What is the holding period of the stock acquired on January 2 as of December 31?

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