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Author Question: It is December 10th and you have a stock that you purchased last January 5th, which has increased in ... (Read 167 times)

shenderson6

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on: Apr 14, 2019

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.
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by shenderson6 on Apr 14, 2019

kishoreddi

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Reply #1 on: Apr 14, 2019
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shenderson6

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Reply #2 on: Apr 14, 2019
Thanks


kishoreddi

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Reply #3 on: Apr 14, 2019
Welcome :)


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