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4 . Your client purchased 2 0 0 shares of a restaurant franchise which only opens 4 days a week ( Wednesday , Thursday, Friday,
Your client purchased shares of a restaurant franchise which only opens days a week Wednesday Thursday, Friday, Saturday their symbol is GBCG which stands for George Brown CollegeGraduates Your client bought this stock because they love their nononsense pricing every meal is student priced at $ and their motto of LifeFamilyBalance, is great. Your client came to see you today and wants to know what they will have to declare on their tax return, inregards to this stock. SITUATION: Your client purchased shares of GBCG stock on Jan th at $ a share. Mar th the stock was trading at $ a share when they announced a for split. April st stock was trading at $ a share when they announced another for split. Your client sold all of their shares this morning at $ a share. Your client is confused and wants to know how many shares were sold, how much money they made, and how much they will have to report as capital gains on their tax return?
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