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 $1,000 return
mike purchased 200 shares of xyz stock for $1,500 in 2018. xyz had no earnings or profits in 2018 or 2019. Mike received $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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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing
5th Canadian Edition
0135004934, 978-0135004937
