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For the following problem state how much gain John or Anne realized on the sale of the Google stock and whether it would be taxed
For the following problem state how much gain John or Anne realized on the sale of the Google stock and whether it would be taxed as a short term or long term capital gain.
a) John purchased Google stock on Jan 10, 2022for $800,000 and sold it on Dec 12, 2022 for $1,200,000.
b) John purchased Google stock on Jan 10, 2022 for $1,500,000; he gave the stock to Anne on Dec 12, 2022 when the stock was worth $2,000,000. Anne sold it on January 15, 2023 for $2,500,000.
c) John purchased Google stock on Jan 10, 2022 for $1,500,000; he died on June 10, 2022 when the stock was worth $2,000,000. Anne inherited the Google stock. Anne sold the stock on December 15, 2022 for $2,500,000.
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