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Dahila is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years Date Purchased
Dahila is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years Date Purchased 7/10/2012 4/20/2013 1/29/2014 710 11/02/2016 Shares 610 510 Basis $ 31,110 28,968 460 31,666 23,092 If Dahlia sells 1,430 shares of Microsoft for $101,530 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round Intermediate calculations. b. She uses the FIFO method Capital gains Capital loss Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2012 4/20/2013 Shares Basis 610 $ 31,110 510 28,968 710 1/29/2014 11/02/2016 460 31,666 23,092 If Dahlia sells 1,430 shares of Microsoft for $101,530 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round Intermediate calculations. b. She uses the specific identification method and she wants to minimize her current-year capital gain Capital gain Capital loss
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