Question
Magdalena sold the following shares in 2020: - 500 shares of NET Inc. (ACB: $( 2310 ); FMV: $1,980) - 800 shares of MVP Inc.
Magdalena sold the following shares in 2020:
- 500 shares of NET Inc. (ACB: $(2310); FMV: $1,980)
- 800 shares of MVP Inc. (ACB: $3,966; FMV: $(4,280)
Required:
a) Calculate any taxable capital gain or net capital loss.
b) How will these amounts be reflected in her tax returns for 2020 and other years?
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BondsA Concise Guide For Investors
Authors: M. Choudhry
2nd Edition
0230006493, 9780230006492
