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Victor purchased shares of cisco stock as follows: 50sh for 1,550in 2012= 31.00 100sh for 2,500 in 2014=25.00 125sh for 3,500 in 2016=28.00 In 2018,
Victor purchased shares of cisco stock as follows: 50sh for 1,550in 2012= 31.00 100sh for 2,500 in 2014=25.00 125sh for 3,500 in 2016=28.00 In 2018, he sold 150 shares at 45.00 per sh for gross proceeds of 6,750. If he uses the specific identification method to reduce or eliminate the month of capital gain from this sale, the basis he will use to compute his capital gain or loss is
I think the answer is 4,350 ?
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