Question
Mike purchased 200 shares of XYZ stock for $1,500 in 2018. XYZ had no earnings or profits in 2018 or 2019. Mike received a $1,000
Mike purchased 200 shares of XYZ stock for $1,500 in 2018. XYZ had no earnings or profits in 2018 or 2019. Mike received a $1,000 return of capital in 2018 and a $1,000 return of capital in 2019. What should be reported on his 2019 tax return?
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Finance The Basics
Authors: Erik Banks
1st Edition
0415384575, 9780415384575
