Question
Last year, Julio purchased the following shares of Calendars, Inc., stock: Date # of Basis January 10 100 $3,000 May 5 100 $4,000 July 27
Last year, Julio purchased the following shares of Calendars, Inc., stock:
| Date | # of | Basis |
| January 10 | 100 | $3,000 |
| May 5 | 100 | $4,000 |
| July 27 | 200 | $10,000 |
On August 22 of this year, Julio sold all of the shares for $19,000. What was Julio's gain or loss on the sale of the stock?
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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
