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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 7/10/2010
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2010 4/20/2011 1/29/2012 11/02/2014 Shares 510 410 610 360 Basis $ 20,910 19,188 21,106 14,472 If Dahlia sells 1,130 shares of Microsoft for $68,930 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) Problem 7-42 Part-b (Algo) b. She uses the specific identification method and she wants to minimize her current-year capital gain
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