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Maria is single and earns a salary of $110,000/year, so is in the 24% federal tax bracket. Here is her investment portfolio as of 12/9/20.
Maria is single and earns a salary of $110,000/year, so is in the 24% federal tax bracket. Here is her investment portfolio as of 12/9/20. She needs $4500 in cash. To minimize taxes, Stock Purchase date Cost basis Market value on 12/9/20 X 4/3/16 $4000 $6000 Y 2/1/20 $3000 $6000 Z 5/1/19 $2000 $1500 3/4 of Stock X should be sold All of Stock Z and half of Stock Y should be sold Half of Stock X and half of Stock Y should be sold All of Stock Z and half of Stock X should be sold
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