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find the short-term and/or long term captital gains of the following scenerio: Jan. 1, 2019: bought $100,000 of ExxonMobil (XOM) common stock and bought $100,000
find the short-term and/or long term captital gains of the following scenerio:
Jan. 1, 2019: bought $100,000 of ExxonMobil (XOM) common stock and bought $100,000 of coca cola (KO) common stock.
additional $1,000 invested in XOM and KO on the trading day of each month starting Feb. 1, 2019 AND reinvests all divedends.
other assumptions:
grant date: Jan. 1, 2018
exercise price: $20/ share for 1,000 shares
exercise date: Sep. 1, 2019
FMV: on sep 1 2019; $100/per share
sell the shares on: July 1, 2020 WITH STOCK PRICE OF; $120/per share
tax braket: 24%
please label tax as long term or short term.
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