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Required information [The following information applies to the questions displayed below.) Dahlia is in the 32 percent tax rate bracket and has purchased the following
Required information [The following information applies to the questions displayed below.) Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares 7/10/2008 560 4/20/2009 460 1/29/2010 660 11/02/2012 410 Basis $ 25,760 23,828 26,136 18,532 If Dahlia sells 1,280 shares of Microsoft for $84,480 on December 20, 2018, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) She uses the specific identification method and she wants to minimize her current year capital gain
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