Question: Problem 2 (4 Points) On March 1st, Nick sold 100 shares of Tesla for $450 per share. Nick's basis in the shares was $500 per

Problem 2 (4 Points) On March 1st, Nick sold 100 shares

Problem 2 (4 Points) On March 1st, Nick sold 100 shares of Tesla for $450 per share. Nick's basis in the shares was $500 per share. However, Nick immediately regretted his decision and acquired 80 shares of Tesla for $440 per share. What is Nick's (1) realized loss, (2) recognized loss, and (3) basis in the new stock

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