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Stan sold the following investments in 2020: -MSFT Stock, purchased 1/1/2014 for $20,000, sold 1/1/2020 for $35,000 -MSFT Stock, purchased 12/1/2017 for $25,000, sold 7/1/2020
Stan sold the following investments in 2020: |
-MSFT Stock, purchased 1/1/2014 for $20,000, sold 1/1/2020 for $35,000 |
-MSFT Stock, purchased 12/1/2017 for $25,000, sold 7/1/2020 for $30,000 |
-APPL Stock, purchased 1/1/2020 for $30,000, sold 6/1/2020 for $20,000 |
-APPL Stock, purchased 11/15/2019 for $25,000, sold 8/1/2020 for $10,000 |
What is the amount and character of Stans gains and / or losses for the year? |
If Stan has a loss, how much of it can he deduct this year? |
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