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Author Question: Adam purchased 1,000 shares of Airco Inc. common stock for $22,000 on February 3, 2014. On April 1, ... (Read 464 times)

Themember4

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Question 1

What are arguments for and against preferential treatment of capital gains?

Question 2

Adam purchased 1,000 shares of Airco Inc. common stock for $22,000 on February 3, 2014.  On April 1, 2016, Adam received 100 new shares in a nontaxable stock dividend.  As of April 1, the stock was trading at $25 per share.  Adam sells the 100 new shares on June 15, 2016 for $2,400.  Due to the stock sale, Adam will recognize a
◦ $100 STCL.
◦ $2,400 STCG.
◦ $400 STCG.
◦ $400 LTCG.


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Marked as best answer by Themember4 on Sep 13, 2020

janieazgirl

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Themember4

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Reply 2 on: Sep 13, 2020
Gracias!


blakcmamba

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Reply 3 on: Yesterday
Excellent

 

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