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10 1 point On 8 August of the tax year, Taxpayer sold 600 shares of XYZ Corporation for $18 per share for a total amount
10 1 point On 8 August of the tax year, Taxpayer sold 600 shares of XYZ Corporation for $18 per share for a total amount realized of $10,800. Taxpayer purchased the following shares of XYZ Corporation over the past several years. Assuming Taxpayer makes no special election at the time of sale, determine his gain or loss. SHARES DATE PURCHASED 07/15/15 09/01/16 02/17/17 05/21/18 200 300 500 100 COST PER SHARE $15 $16 $17 $15 TOTAL COST $3,000 $4,800 $8,500 $1,500 Type your
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