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Jeffwo Jeffwo
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3 years ago
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.
Textbook 
Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
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irene.yangirene.yang
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3 years ago
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Jeffwo Author
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3 years ago
Thanks for your help!!
sadiewolf
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Yesterday
Smart ... Thanks!
jamesbove
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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