Erin purchased stock in JKL Corporation several years ago for $8,750. In the current year, she sold the same stock for $12,800. She paid a $200 sales commission to her stockbroker.

1. What is Erin's amount realized?
$

2. What is Erin's adjusted basis?
$

3. What is Erin's realized gain or loss?
$

4. What is Erin's recognized gain or loss?
$

5. How is the gain or loss treated for tax purposes (if any)?

Answer rating: 100% (QA)

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