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.

DatePrice per share

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

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?

a. You have a deferred loss due to the wash sale rules.

b. You own 50 shares of GME that have a tax basis of $9,158.00

c. You have realized losses of $3,509.80 on GME

d. You own 50 shares of GME that have a tax basis of $12,667.80

QUESTION 2

You have unrealized gain on your position in GME @ 3/15/21. is it true or false?

• True
• False

QUESTION 3

Continuing to consider the activity in the previous questions:

You purchase 10 shares on 4/1/21

You sell 50 shares on 6/1/21

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

(multiple choice - choose 1)

a. Realized loss of $216.80

b. Realized gain of $12,451.00

c. Realized gain of $3,293.00

d. Realized loss of $3,293.00

QUESTION 4

What is the basis in the shares of GME that you hold at 6/1/21? select all that apply.

a. Realized gain of $1,914.50

b. $1,372.28

c. $1,914.50

d. $2,595.42

QUESTION 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.$20 of qualified dividend income

d.$8 of qualified dividend income