For the last two years, Margaret Lane has Invested in the shares of Garod Inc. Details of
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Question:
For the last two years, Margaret Lane has Invested in the shares of Garod Inc. Details of her purchases and sales of these shares are as follows:
Shares | ||
Purchased (Sold) | Per Share Value | |
January 2020 Purchase | 300 | $4.75 |
July 2020 Purchase | 200 | 5.25 |
November 2020 Sale | (250) | 5.40 |
July 2021 Purchase | 400 | 5.50 |
December 2021 Sale | (150) | 4.80 |
Determine Ms. Lane's taxable capital gains and allowable capital losses for 2020 and 2021.
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