February 28, 2017

Homework Help: Personal Income Tax

Posted by Brook on Thursday, March 17, 2011 at 10:15pm.

Here is my homework problem that I need some help with:

"A taxpayer is considering selling 100 shares of stock. The current market price is $7,500. Which shares should the taxpayer instruct the broker to sell, and what are the tax consequences of this selection if the taxpayer owned the following shares in the company?"

Certificate # Date Acquired # of Shares Cost
CR642 4-11-77 300 $15,000
DO1111 9-10-82 100 $9,000
EA002 8-13-84 100 $6,000

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions