3 . Rissa Roo has bought some shares of Chamath Sachs during 2 0 2 1 ,...

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Question:

3 .

Rissa Roo has bought some shares of Chamath Sachs during

2021,

on several occasions. On July

21, 2021

they sold

2, 000

of them for $

65

per share.

Calculate their taxable capital gain or loss based on this data:

(

remember weighted average cost

)

Quantity Price per share

March

20, 2021 1000

70.00

May

10, 2021 3400

55.00

June

20, 2021 1240

43.00

August

2, 2021 1030

91.00

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: May 09, 2024 05:09 AM

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3 . Rissa Roo has bought some shares of Chamath Sachs during 2 0 2 1 ,...

Question:

Expert Answer:

To calculate the taxable capital gain or loss for the shares sold on July 21 2021 we need to determi... View the full answer

Income Tax Fundamentals 2013

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