Timothy buys three blocks of stock on April 15th of each year with his tax refunds for
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Question:
Timothy buys three blocks of stock on April 15th of each year with his tax refunds for TY2018-TY2020. He realizes that he will owe for TY2021 and changes tact, selling all three of the blocks of stock off on April 15th of 2021.Which of the blocks will be treated as long-term capital gains income for the TY2021 return?
a | The blocks from TY2018 and TY2019. |
b | The block from TY2018 only. |
c | All three blocks. |
d | None of the blocks. |
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