Problem 2: Total Points Available 14

On August 27, 2020, Ms. Bubkeh sold 250 shares of Hundt Ltd., a public corporation, for $20 per share. Her trading history in these shares was as follows:

May 24, 2000 purchased 130 shares @ $26 per share

June 30, 2000 purchased 170 shares @ $31 per share

Aug. 20, 2001 received a 5% stock dividend, with each share received having a paid-up capital value of $25

Oct. 31, 2002 purchased 300 shares @ $29 per share

June 9, 2008 sold 400 shares @ $15 per share

July 5, 2008 purchased 400 shares @ $12 per share

June 3, 2012 purchased 385 shares @ $18 per share

Apr. 19, 2014 received a 5% stock dividend with each share received having a paid-upcapital value of $20

Required:

Calculate the taxable capital gain or allowable capital loss on the 2008 and 2020 transactions.

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