Alastair purchased 500 shares of KLM stock for $10,000 on September 3, 2019. On November 23, 2021, he sold the stock for $9,100. On December 7, 2021, he repurchased 500 shares of KLM for $10,100.

 When the sale of the stock is reported on his 2021 tax return, what amount should be reported as a gain or loss of his Form 8949?

Answer rating: 100% (QA)

To calculate the gain or loss on the sale of the stock for Alastairs tax return we need to ... View the full answer