Question 1
It is December 30th and you have stock in Zero Corporation that you bought on March 1st that has increased $2,000 in value. You are thinking of selling the stock. From a tax standpoint, what should you do with the Zero stock?
◦ Sell it today.
◦ Sell it on January 2nd of next year.
◦ Wait until after March 1st of next year and sell it then.
◦ Sell half the stock today and the rest on January 2.
Question 2
It is December 10th and you have a stock that you purchased last January 5th, which has increased in value by more than $3,000. You think the stock will not significantly increase or decrease in value over the next month or so, and you would like to take your gain. What should you do?
◦ Sell the stock today and take the gain.
◦ Wait until December 30th and sell the stock then.
◦ Sell the stock on January 6th of next year or later.
◦ Do not sell the stock until it starts to go down in value.
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