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- Near the end of the current year, Sylvia Portman's only capital transaction realized during the year resulted in a $500 net short- term capital
- Near the end of the current year, Sylvia Portman's only capital transaction realized during the year resulted in a $500 net short- term capital gain. Sylvia's adjusted gross income is expected to be $250,000. She is also considering the possible sale of two additional blocks of stock, either before the end of the current year or at the beginning of next year. These stocks are: Cost Date # of Per Current Stock Purchased Shares Share Value Tax Pro, 8/12/2009 300 $ 20 Inc. sh. $55 per $15 per Hula , Inc. 3/14/2011 200 $ 35 sh. . What action would you recommend for Sylvia? Explain. - Near the end of the current year, Sylvia Portman's only capital transaction realized during the year resulted in a $500 net short- term capital gain. Sylvia's adjusted gross income is expected to be $250,000. She is also considering the possible sale of two additional blocks of stock, either before the end of the current year or at the beginning of next year. These stocks are: Cost Date # of Per Current Stock Purchased Shares Share Value Tax Pro, 8/12/2009 300 $ 20 Inc. sh. $55 per $15 per Hula , Inc. 3/14/2011 200 $ 35 sh. . What action would you recommend for Sylvia? Explain
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