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Ms. Kaspari, who has a 24 percent marginal rate on ordinary income and a 15 percent marginal rate on adjusted net capital gain, acquired the

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Ms. Kaspari, who has a 24 percent marginal rate on ordinary income and a 15 percent marginal rate on adjusted net capital gain, acquired the following blocks of stock in KDS, a closely held corporation: July 12, 2003 1,400 shares at $41 per share December 3, 2007 800 shares at $46 per share September 30, 2016 2,000 shares at $49 per share* May 2, 2020 750 shares at $53 per share *Qualified small business stock. In November 2020, Ms. Kaspari agreed to sell 1,000 KDS shares to Mr. Nolan for $60 per share. Which shares should she sell to maximize her after-tax cash from the sale

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