asapmechee
asapmechee
15.11.2019 • 
Business

Pekoe sold stock to rose for $12,000, its fair market value. the stock cost pekoe $16,000 5 years ago. also, pekoe sold earl (an unrelated party) stock for $6,500 that cost $8,500 3 years ago. rose and pekoe are brother and sister. what is pekoe's recognized loss?

a. $6,500

b. $2,000

c. $1,000

d. $3,000

e. $4,000

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