Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question Eleven CGT Sale of Shares Theodore purchased the following shares in ABC Pty Ltd Parcel 1 500 shares purchased on 1 January 2013 Cost

Question Eleven CGT Sale of Shares Theodore purchased the following shares in ABC Pty Ltd Parcel 1 500 shares purchased on 1 January 2013 Cost - $2,000 Brokerage - $50 Parcel 2 600 shares purchased on 10 June 2017 Cost - $6,000 Brokerage - $50 Parcel 3 150 shares purchased on 11 March 2021 Cost - $1,310 Brokerage - $50 Theodore sold all of his shares on 1 February 2022 for $11,875. He paid brokerage of $50 on the sale. What will Theodore enter at Items 18H, 18A and 18V on his tax return?

Item 18 H $1,182 Item 18A $2,680 Item 18V $0

Item 18 H $2,739 Item 18A $1,182 Item 18V $0

Item 18 H $2,739 Item 18A $1,340 Item 18V $0

Item 18 H $2,680 Item 18A $1,182 Item 18V $0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Act Count Think

Authors: Raad Press

1st Edition

979-8643677666

More Books

Students also viewed these Accounting questions

Question

6. What questions would you suggest should be included?

Answered: 1 week ago