How is this calculated in and where recorded IRS forms : Sold 500 shares of SBUX stock for $35,000 on December 1, 2023. The stock had been purchased by Jon on July 1, 2008 for $20,000 and was contributed by him on February 22, 2023, when it was worth $30,000.

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To calculate the capital gain or loss on the sale of the 500 shares of SBUX stock you woul... View the full answer