What is Erin amount realized

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Reference no: EM132632810

Problem - Erin purchased stock in JKL Corporation several years ago for $8,750. In the current year, she sold the same stock for $12,800. She paid a $200 sales commission to her stockbroker.

Required -

What is Erin's amount realized?

What is Erin's adjusted basis?

What is Erin's realized gain or loss?

What is Erin's recognized gain or loss?

How is the gain or loss treated for tax purposes (if any)?

Reference no: EM132632810

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