It is August 20, 2022, and Andy, whose tax rate is 32%, owns stock of Wendys and stock of Dublin. The FMV of each stock is $10,000, and the commission to sell either stock is $15. Andy has no other sales or exchanges during the year, and he wants to sell either his stock of Wendys or Dublin. His expectation about future price increases is the same for either company. Under what circumstances will it make a difference which stock he sells?

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Basis Wendys $12,800 Dublin 12,798 Date of Purchase February 7, 2020 March 8, 2022