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Author Question: Mike sold the following shares of stock in 2016: What are the tax consequences of these ... (Read 72 times)

Awilson837

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Question 1

Max sold the following capital assets this year:



What is the amount of and nature of (LT or ST) capital gain or loss?

Question 2

Mike sold the following shares of stock in 2016:



What are the tax consequences of these transactions, assuming his marginal tax rate is (a) 33% and (b) 39.6%? Ignore the medicare tax on net investment income.


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Marked as best answer by Awilson837 on Sep 13, 2020

sylvia

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Awilson837

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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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