Sylvia Owns 1,000 Shares of Sidney Sails,Inc

question 40

Short Answer

Sylvia owns 1,000 shares of Sidney Sails,Inc.,for which she paid $18,000 several years ago.On March 15,she purchases 400 additional shares for $5,000.Sylvia sells the original 1,000 shares for $13,500 on April 1.These are her only stock transactions during the year.Sylvia's capital loss deduction for the current year and her basis in the new shares are:
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Definitions:

Negatively Reinforced

A process in operant conditioning where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Bathes the Dog

A non-standard term potentially referring to the act of washing a dog as part of pet care routines.

Reinforcer

In behaviorism, any stimulus which strengthens or increases the probability of a specific response or behavior.

Punisher

A stimulus that decreases the likelihood a behavior will be repeated, often by introducing an adverse outcome or removing a positive one.