This is a study of theoretical investments in shares of GameStop [NYSE:GME] stock over time. Below are facts to be utilized in responding to the questions within.

Date	Price/sh
2/1/2021	$ 225.00
2/16/2021	$ 49.51
3/1/2021	$ 120.40
3/15/2021	$ 220.14
4/1/2021	$ 191.45
6/1/2021	$ 249.02

1. You purchase 50 shs of GME on 2/1/21

You sell 20 shs on 2/16/21

You purchase 20 shs on 3/1/21

Which of the following are true as of 3/1/21?

(multiple answer - you can select more than one)

	a.	You own 50 shs of GME that have a tax basis of $9,158.00
	b.	You own 50 shs of GME that have a tax basis of $12,667.80
	c.	You have a deferred loss due to the wash sale rules.
	d.	You have realized losses of $3,509.80 on GME

2. You have unrealized gain on your position in GME @ 3/15/21

(True/False)

True

False

3. Continuing to consider the activity in the previous questions:

You purchase 10 shs on 4/1/21

You sell 50 shs on 6/1/21

What amount do you realize on the sale of shares on 6/1/21?

(multiple choice - choose 1)

	a.	Realized gain of $12,451.00
	b.	Realized gain of $3,293.00
	c.	Realized loss of $3,293.00
	d.	Realized loss of $216.80

4. What is the basis in the shs of GME that you hold at 6/1/21?

(multiple choice)

	a.	Realized gain of $1,914.50
	b.	$1,372.28
	c.	$1,914.50
	d.	$2,595.42

5. GameStop hasn't paid a dividend since 2019. Assuming GME's board of directors decided to pay a dividend of $0.40/share with an ex-date of 3/31/21, what would have been the amount and characterization of your dividend income?

(multiple choice)

	a.	$20 of non-qualified dividend income
	b.	$28 of qualified dividend income
	c.	$8 of qualified dividend income
	d.	$20 of qualified dividend income