It is August 20, 2019, and Andy, whose tax race is 32%, owns stock of Wendys and stock of Dublin. The FMV of each stock is $10,000, and the commission to sell either stock is $15.

Andy has no other sales or exchanges during the year, and he wanes to sell either his stock of Wendys or Dublin. His expectation about future price increases is the same for either company. Under what circumstances will it make a difference which stock he sells?

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Basis Date of Purchase Wendys Dublin $12,800 12,798 February 7, 2017 March 8, 2019