Christoffe sells 1,000 shares of HoTech Corporation preferred stock for $37 per share on August 3 of

Question:

Christoffe sells 1,000 shares of HoTech preferred stock for $37 per share on August 3 of the current year. Sales commissions total $300. The stock€™s price has been falling since HoTech€™s management was sued for patent infringement four months ago. The price is expected to keep falling until the lawsuit is settled. Christoffe received the stock as a Christmas gift from his wife last year. She paid $48 per share plus a $400 commission. The year-end is approaching, and he wants to optimize his tax position. Christoffe€™s current contains the following corporate stock:

Christoffe sells 1,000 shares of HoTech Corporation preferred st

Make recommendations toChristoffe.

Corporation
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