Question

Martin sells a stock investment for $25,000 on August 2, 2014. Martin’s adjusted basis in the stock is $14,000.
a. If Martin acquired the stock on November 15, 2013, calculate the amount and the nature of the gain or loss.
$ _________________
b. If Martin had acquired the stock on September 11, 2012, calculate the amount and nature of the gain or loss.
$ _________________


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  • CreatedJuly 16, 2015
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