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Author Question: Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2012, for $10,500, and has been reinvesting ... (Read 29 times)

cherise1989

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on: Sep 13, 2020

Question 1

Gina owns 100 shares of XYZ common stock with a $12,000 basis and a $25,000 FMV. She receives 100 stock rights with a total FMV of $15,000. Answer the following:
a. What is the basis of the 100 shares of stock?
b. What is the basis of the 100 stock rights?

Question 2

Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2012, for $10,500, and has been reinvesting dividends. On December 15, 2016, she sells 100 shares.



What is the basis for the shares sold assuming (1) FIFO and (2) average cost method?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by cherise1989 on Sep 13, 2020

momo1250

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cherise1989

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Reply 2 on: Sep 13, 2020
Excellent

lkanara2

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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