Question
MDG stock Purchase 1/1/2015: 500 shares @ $75.00 Sale 1/3/17: 200 shares @ $60.00 Purchase 1/5/17: 200 shares @ $70.00 Sale 7/3/17: 200 shares @
Purchase 1/1/2015: 500 shares @ $75.00
Sale 1/3/17: 200 shares @ $60.00
Purchase 1/5/17: 200 shares @ $70.00
Sale 7/3/17: 200 shares @ $90.00
1. What is the gain or loss associated with the MDG stock? (there is a wash sale)
2. What is the total adjusted basis of her holdings in MDG stock as of 12/31/17 assuming price per share on December 31st, 2017 is $92.00 per share.
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Fundamentals Of Taxation 2015
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
8th Edition
1259293092, 978-1259293122, 1259293122, 978-1259293092
