Gaytor consults you or the tax planning just before the year-end. You have all the year-end income information that Gaytor provided, as discussed in chapter4. In addition the capital gains (losses), he said it would be ideal to get at least additional $1,000 extra cash so he can take the family on vacation. He debates to sell the following (or any combination of these ) stocks. Provide the advice. Let's be systemic by using the table below.

• A T&T stock he received upon the death of his grandfather. The stock cost his grandfather $6,000 forty years ago and was worth $97,000 on the date of his grandfather’s death 2 months ago. The stock is now worth $180,000.
• Boeing Stock he received as a gift from his mother 2 years ago. The stock cost her mother $9,000 five years ago and was worth $6,500 on the date of the gift. It is now worth $7,500.
• Sears stock he bought 5 years ago for $5,000, but now worth $1,000.
• Zoom stock he bought just 9 days ago for $5,000 before the split, now worth $6,000.

Let's be systemic in our recommendation whether to sell (and sell which) stock(s). Copy the table below and use this in your original post as a guide to providing tax advice.

DESCRIPTION	Orange, Banana, Grape, Peach & Bond (Gaytor CH4)	Personal Residence (Gaytor Ch4)	AT&T	Boeing	Sears	Zoom
1. Proceeds
2. Adjusted basis
3. Short term or Long-term/ Capital Gains
Advice: Sell or Keep (state why in write ups)

Answer rating: 100% (QA)

DESCRIPTIONOrange Banana Grape Peach Bond Gaytor CH4Personal Residence Gaytor Ch4ATTBoeingSearsZoom 1 Proceeds14000200000180000750010006000 2 Adjusted basis800018000097000900050005000 3 Short term or ... View the full answer