Freda incurred a $20 000 capital gain during the year. She would like to reduce her capital

Question:

Freda incurred a $20 000 capital gain during the year. She would like to reduce her capital gain by selling one of two stocks that are currently sitting at a capital loss. She purchased 10 000 shares in Sesame Inc. for $28 each. The shares are currently trading at $21. She also purchased 5000 shares in the Electric Co. for $33 each. These shares are currently trading at $25. Which shares should she sell? How many shares would she need to sell to reduce her taxable capital gain to zero?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...

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