Ms. Fresh bought 1,000 shares of Ibis Corporation stock for…
Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $6,300 on January 15, 2021. On December 31, 2024, she sold all 1,000 shares of her Ibis stock for $5,150. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2025, for $3,325. What is Ms. Fresh’s recognized loss on her 2024 sale, and what is her basis in her 1,000 shares purchased in 2025?