Question
Sarah acquired a parcel of shares in November 2021 for a total of $15,000 and disposed of them by sale in June 2023 for $27,000.
Sarah acquired a parcel of shares in November 2021 for a total of $15,000 and disposed of them by sale in June 2023 for $27,000. She has an unapplied net capital loss from a previous income year of $2,000 that was made on a sale of shares.
Sarah’s net capital gain for the 2023 income year is:
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South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
1337386006, 978-1337386005
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