Question
Over the last number of years you have bought and sold shares in two companies. The following transactions have occurred for Company A shares:
Over the last number of years you have bought and sold shares in two companies. The following transactions have occurred for Company A shares: Date REQUIRED: March 27, 2013 April 10, 2014 January 17, 2015 May 7, 2017 The following transactions have occurred for Company B shares: Purchase or Sale Purchase Purchase Purchase Sale Purchase Sale Date June 7, 2013 December 28, 2014 August 1, 2015 Purchase or Sale Purchase Purchase Purchase Sale June 26, 2016 July 21, 2016 January 22, 2017 1. Determine the tax consequences of the above transactions, 2. Determine the Adjusted Cost Base for the remaining shares on hand as of December 31, 2017 for the Company A and Company B Shares. #Shares $ per Share 392 $29 309 $68 $49 $62 391 -102 # Shares $ per Share $32 $31 $44 $16 $54 $12 376 367 390 -170 405 -366
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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