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James purchased 100 shares of ABC Company stock on December 5, 2022 for $10,000 ($100 per share ). James sold 50 shares on January
James purchased 100 shares of ABC Company stock on December 5, 2022 for $10,000 ($100 per share ). James sold 50 shares on January 22, 2023 for $1,500 ($30 per share). James then re-purchased 50 shares on February 1, 2023 for $1,000 $20 per share). What are james tax consquences for his stock transactions of aBC Company for his 2023 tax year filings? what would the short term lost be?
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Original Purchase December 5 2022 James purchased 100 shares of ABC Company stock for 10000 total 10...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
