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Your portfolio has $525 million assets under management. During the year your fund sold 200,000 shares of ABC at $30 per share and sold 250,000
Your portfolio has $525 million assets under management. During the year your fund sold 200,000 shares of ABC at $30 per share and sold 250,000 shares of DEF at $150 per share. It originally bought ABC for $25 per share and DEF for $105 per share. Your capital gains tax is 15%. What is your total tax liability for these transactions? 0 $1,837,500 0 $2,175,000 0 $1,117,500 O $1,387,500
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