Item$8$

$5$points

Time Remaining $1$ hour $13$ minutes $2$ seconds

$01$:$13$:$02$

Item $8$

Time Remaining $1$ hour $13$ minutes $2$ seconds

$01$:$13$:$02$

Ms$.$ Fresh bought $1,000$ shares of Ibis Corporation stock for $$6,600$ on January $15,2021.$ On December $31,2024,$ she sold all $1,000$ shares of her Ibis stock for $$5,300.$ Based on a hot tip from her friend, she bought $1,000$ shares of Ibis stock on January $23,2025,$ for $$3,400.$ What is Ms$.$ Fresh's recognized loss on her $2024$ sale, and what is her basis in her $1,000$ shares purchased in $2025?$

Multiple Choice

$$0$ LTCL and $$4,700$ basis

$$1,040$ LTCL and $$3,660$ basis

$$1,300$ LTCL and $$3,400$ basis

$$780$ LTCL and $$3,920$ basis

$$520$ LTCL and $$4,180$ basis