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J had the following transactions: 6/1/20 Sold ABC stock for $2,700 with a $200 sales expense. The stock was purchased 2/1/20 for $3,000. 6/1/20 Sold
J had the following transactions: 6/1/20 Sold ABC stock for $2,700 with a $200 sales expense. The stock was purchased 2/1/20 for $3,000. 6/1/20 Sold FGH stock for $8,150 with a $150 sales expense. The stock was purchased 1/1/16 for $5,000. 6/1/20 Sold YED stock for $3,600 with no expenses. The stock was purchased 12/1/17 for $15,000. 6/1/20 Sold SWQ stock for $4,300 with no expenses. The stock was purchased 3/1/20 for $3,700. Based on your answers in questions 1 and 2, if the answer was a gain what is the tax rate (maximum tax rate for that class of gain)? If a loss how much is deducted and what type of deduction? Edit View Insert Format Tools Table 12pt Paragraph v BIUARY TRY $350, sales value selling expense deductible
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