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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 7/10/2011 Shares 570 Basis $ 26,790 4/20/2012 470 24,816 1/29/2013 670 11/02/2015 420 27,202 19,404 If Dahlia sells 1,310 shares of Microsoft for $87,770 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a. She uses the FIFO method. b. She uses the specific identification method and she wants to minimize her current-year capital gain

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