LO5 Ansel sells 400 shares of Sharpe, Inc., common stock on October 12, 2010, for $11,800 and

Question:

LO5 Ansel sells 400 shares of Sharpe, Inc., common stock on October 12, 2010, for

$11,800 and pays $600 in commissions on the sale. He acquired the stock for $18,400 plus $800 in commissions on July 8, 2009. Ansel owns the following securities in December 2010: image text in transcribed

What actions should Ansel take to optimize his capital gains and losses for 2010?

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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LO5 Ansel sells 400 shares of Sharpe, Inc., common stock on October 12, 2010, for $11,800 and

Question:

Security Number of Shares Purchase Date Basis Market Value Telio Corporation 400 2/13/07 $ 2,000 $ 7,000 Perry, Inc. 300 8/11/08 12,000 Header Company 600 4/13/10 14,000 27,000 20,000

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Concepts In Federal Taxation 2011

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