Determining basis in the stock

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Reference no: EM13149469

On November 4, 2008, Ezra purchased 2,000 shares of DDD stock for $12,000. On June 12, 2009, Ezra sold the 2,000 shares for $9,000. On June 30, 2009, he purchased 1,000 shares of DDD stock for $5,000. What is Ezra's realized gain or loss and his recognized gain or loss on the June 12, 2009 sale? What is his basis in the stock from the June 30 purchase?

Reference no: EM13149469

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