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Kevin bought 200 shares of Intel stock on January 1, 2018 for $50 per share with a brokerage fee of $100. Then, Kevin sells all
- Kevin bought 200 shares of Intel stock on January 1, 2018 for $50 per share with a brokerage fee of $100. Then, Kevin sells all 200 shares for $75 per share on December 12, 2018. The brokerage fee on the sale was $150. What is the amount of the gain/loss Kevin must report on his 2018 tax return?
- A.$4,500.
- B.$4,750.
- C.$5,000.
- D.$5,250.
- E.None of the choices are correct.
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
