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Antoine sold the following stock in 2019. ABC, Inc., is a 1202 qualified small business (QSB). Asset Cost Acquired Sale Price Sale Date ABC, Inc.,
Antoine sold the following stock in 2019. ABC, Inc., is a 1202 qualified small business (QSB).
Asset | Cost | Acquired | Sale Price | Sale Date | ||||
ABC, Inc., 200 shares | $ | 153,000 | 01/10/2008 | $ | 200,000 | 04/30/2019 | ||
DEF, Inc., 100 shares | 24,600 | 11/15/2015 | 14,000 | 02/28/2019 | ||||
GHI, Inc., 50 shares | 19,350 | 03/31/2018 | 17,000 | 08/30/2019 | ||||
Required:
- Complete the chart.
- After netting, what is the total gain or loss?
- If Antoine is in the 37% tax rate bracket, at what rate is the net gain or loss taxed?
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