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In 2016, Daryl sold 425 shares of Basketball Heaven Mutual Fund for $18,000. He made the following purchases of Basketball Heaven stock: 2010 275 shares
In 2016, Daryl sold 425 shares of Basketball Heaven Mutual Fund for $18,000. He made the following purchases of Basketball Heaven stock:
2010 | 275 shares @ $50 per share | |
2011 | 125 shares @ $48 per share | |
2012 | 100 shares @ $55 per share | |
Assuming Daryl uses the single category average cost method, he will realize:
$2,200.00 long-term loss.
$3,462.50 long-term loss.
$3,125.00 long-term loss.
$1,750.00 long-term loss.
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