Exercise 14-25 (Algorithmic) (LO, 4) Juan owned 200 shares of Circle Corporation stock (adjusted basis...
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Exercise 14-25 (Algorithmic) (LO, 4) Juan owned 200 shares of Circle Corporation stock (adjusted basis of $96,000 ). He sold 100 shares for $38,400. Twenty days later he purchased 100 shares of the same stock for $28,800. What is Juan's realized and recognized loss? If an amount is zero, enter " 0 ". What is his basis in the newly acquired shares? Juan records a realized loss of \{ of which 5 is recognized. His basis in the newly acquired stock is
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