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What is the loss for john on the sale of intel stock

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Reference no: EM132594605

John bought 1,500 shares of Intel stock on October 18, 2015, for $40 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $57.50 per share. He also incurs a $1,000 fee for this transaction.

Question 1: What is John's adjusted basis in the 1,500 shares of Intel stock?

Question 2: What amount does John realize when he sells the 1,500 shares?

Question 3: What is the gain/loss for John on the sale of his Intel stock?

Reference no: EM132594605

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