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1. Stock Sale: The Days had the below transactions in the stock of WDC. Assume the Days want to minimize their tax (not necessarily minimize
1.Stock Sale:The Days had the below transactions in the stock of WDC. Assume the Days want to minimize their tax (not necessarily minimize the gain) when choosing between FIFO or specific identification. Report the gain/loss on the appropriate area of Schedule D (either Line 1a or Line 8a depending on whether it is short-term or long-term). You do not need to complete Form 8949.
Purchased 100 shares at $57 per share in September of 2018
Purchased 100 shares at $62 per share in November of 2018
Sold 100 shares at $82 per share in October of 2019
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