Hamilton owns 1,950 shares of Silver Wolf Corporation common stock. Jordon purchased the 1,950 shares on April​ 17, 2011​, for $31,200. On December​ 8, 2018​, Jordon sells 1,300 shares for $15,860. On...

Hamilton owns 1,950 shares of Silver Wolf Corporation common stock. Jordon purchased the 1,950 shares on April​ 17, 2011​, for $31,200. On December​ 8, 2018​, Jordon sells 1,300 shares for $15,860. On January​ 2, 2019​, Jordon buys 1,040 shares of Silver Wolf Corporation common stock for $12,480 and 150 shares of Silver Wolf Corporation preferred stock for $2,600. The preferred stock is​ nonvoting, nonconvertible. Read the requirements LOADING... . Question content area bottom Part 1 Requirement a. What is Jordon​'s realized and recognized loss on the December 8 sale of​ stock? ​(Do not round intermediary calculations. Only round the amount you input in the input field to the nearest whole​ dollar.) Jordon has a realized loss of $4,940 . Jordon has a recognized loss of $988 . Part 2 Requirement b. What is his basis and the holding periods of the shares purchased in 2011 and in 2019​? Basis Holding period begins 1,040 shares of Silver Wolf common stock Remaining 650 shares of Silver Wolf common stock 150 shares of Silver Wolf preferred stock

Jun 10, 2022
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