Question
Subject: Identical Properties Ms. Chantal Montrose makes frequent purchases of the common shares of Comco inc. During 2019, she purchased 650 shares at $23.50 per
Subject: Identical Properties
Ms. Chantal Montrose makes frequent purchases of the common shares of Comco inc. During 2019, she purchased 650 shares at $23.50 per share on Jan 15, and 345 shares at $24.25 per share on March 12. She sold 210 shares on September 15, 2019, at $25.50 per share. On February 14, 2020, she purchases an additional 875 shares at $26.75 per share, and on October 1, 2020, she sells 240 shares at $29.50 per share. Determine Ms. Montrose's taxable capital gains for 2019 and 2020. Questions: 1.) What is Ms. Montrose 2019 Taxable gains is. 2.) What is Ms. Montrose 2020 Taxable gains is.
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