jedi purchased 100 shares of basil corporation stock for $11,500 on january 1, 2007. in the current tax year, jedi sells 25 of the 100 shares purchased on january 1, 2007, for $2,500. twenty-five days earlier, jedi had purchased 30 shares for $3,000. what is jedi's recognized gain or loss on the sale of the stock, and what is jedi's basis in the 30 shares purchased 25 days earlier?
