Chana Purchased 400 Shares of Tronco Corporation Stock for $40,000

question 146

Multiple Choice

Chana purchased 400 shares of Tronco Corporation stock for $40,000 in 2014.On December 27,2017,Chana sells the 400 shares for $24,000.Chana purchases 300 shares of Tronco Corporation stock on January 16,2018 for $8,000.Chana's recognized loss on sale of the 400 shares in 2017 and her basis in her 300 new shares are

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