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16 Cody purchased 500 shares of NAY stock six years ago when it was trading at $62 per share. Unfortunately, NAY has been steadily declining.
16 Cody purchased 500 shares of NAY stock six years ago when it was trading at $62 per share. Unfortunately, NAY has been steadily declining. Cody sold his shares this year for $15 per share. This year Cody also sold 700 shares of a mutual fund that he purchased 16 months ago. His average cost per share was $14 and he sold the shares for $33. Assuming Cody had no other capital transactions this year, what is Cody's tax consequence from these transactions? (Dollar Value, Capital Gain/loss type, and carryforward) 1
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