Martin and Sons, Landscaping purchased shares of BCD stock at three different times: 100 shares for...

  

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Martin and Sons, Landscaping purchased shares of BCD stock at three different times: 100 shares for $4,300 on February 1, 2018. 300 shares for $6,900 on May 15, 2019. 200 shares for $10,000 on January 30, 2020. . . . On June 1, 2021, they sold 265 shares and received gross proceeds of $13,010. If they wanted to reduce the capital gain as much as possible, which shares would they have had to specifically identify at the time of sale? Martin and Sons, Landscaping purchased shares of BCD stock at three different times: 100 shares for $4,300 on February 1, 2018. 300 shares for $6,900 on May 15, 2019. 200 shares for $10,000 on January 30, 2020. . . . On June 1, 2021, they sold 265 shares and received gross proceeds of $13,010. If they wanted to reduce the capital gain as much as possible, which shares would they have had to specifically identify at the time of sale?

Answer rating: 100% (QA)

Answer To achieve the least capital gain those shares which were purchased at a higher price per sha... View the full answer