Question: Ms K who is in the 35 percent marginal tax

Ms. K, who is in the 35 percent marginal tax bracket, acquired the following blocks of stock in KDS, a closely held corporation:
July 12, 2003 …………………. 1,400 shares at $41 per share
December 3, 2007 …………….. 800 shares at $46 per share
September 30, 2012 ………… 2,000 shares at $49 per share*
May 2, 2015 …………………. 750 shares at $53 per share
*Qualified small business stock.
In November 2015, Ms. K agreed to sell 1,000 KDS shares to Mr. N for $60 per share. Which shares should she sell to maximize her after-tax cash from the sale?

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  • CreatedNovember 03, 2015
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