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Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date purchased Shares
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:
Date purchased | Shares | Basis |
7/10/2011 | 400 | $12,000 |
4/20/2012 | 300 | $10,750 |
1/29/2013 | 500 | $12,230 |
11/02/2015 | 250 | $7,300 |
If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2021, what is her capital gain or loss in each of the following assumptions?
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