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need some help with this problem. i will give you a good rate. thank you in advance In 2017, Mr. Dale paid $12,000 for 2,000
need some help with this problem. i will give you a good rate. thank you in advance
In 2017, Mr. Dale paid $12,000 for 2,000 shares of GKL Mutual Fund and elected to reinvest his year-end dividends in additiona shares. In 2017 and 2018, he received Form 1099s reporting the following: Price per Dividends Reinvested $2,900 3,501 Shares Purchased 334 425 Total Shares Owned 2,334 2,759 Share $8.683 8.238 2017 2018 a. Assume the taxable year is 2019. If Mr. Dale sells his 2,759 shares for $10 per share, compute his recognized gain. b. Assume the taxable year is 2019. If he sells only 400 shares for $10 per share and uses the FIFO method to determine basis, compute his recognized gain. c. Assume the taxable year is 2019. If he sells only 400 shares for $10 per share and uses the average basis method, compute his recognized gain. 5 Complete this question by entering your answers in the tabs below. Required A Required B Required c Assume the taxable year is 2019. If Mr. Dale sells his 2,759 shares for $10 per share, compute his recognized gain. Recognized gain Required B > Required A Required Required Assume the taxable year is 2019. If he sells only 400 shares for $10 per share and uses the FIFO method to determine basis, compute his recognized gain. Recognized gain Complete this question by entering your answers in the tabs below. Required A Required B Required Assume the taxable year is 2019. If he sells only 400 shares for $10 per share and uses the average basis method, compute his recognized gain. (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.) Recognized gain Step by Step Solution
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