Question
JP undertook the following share transactions: On January 1, Year 1, JP purchased 30 shares of Micron Co. for $5 per share. On June 30,
JP undertook the following share transactions:
On January 1, Year 1, JP purchased 30 shares of Micron Co. for $5 per share.
On June 30, Year 2, JP sold all 30 shares of Micron Co. for $3 per share.
On July 15, Year 2, JP purchased 20 shares of Micron Co. for $2 per share.
On July 17, Year 2, JP sold 20 shares of Micron Co. for $2.50 per share.
On August 22, Year 2, JP purchased 50 shares of Micron Co. for $3.75 per share.
In the table below, enter the amount for each corresponding tax component on the date requested. Enter all gains as positive, whole values and losses as negative, whole values. If a response is zero, enter a zero (0).
Tax component Transaction date Transaction date Transaction date
June 30, Year 2 July 17, Year 2 August 22, Year 2
1. Basis in shares
2. Realized gain (loss)
3. Recognized gain (loss)
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