Six years ago, Roberto acquired 500 shares of Roar Corporation stock directly from the corporation for $500,000 in cash. This year, Roberto sold 100 shares of the stock in Roar to Christopher for $40,000.

Required:
Identify at least three tax research issues regarding the stock sale you as Roberto’s tax advisor should consider? State each issue in the form of a question.
For at least one of the issues identified above, indicate the Internal Revenue Code Section that you would refer to in order to research the issue.

Answer rating: 100% (QA)

US residents are taxed in the US on their worldwide income If you are a US citizen or green card hol... View the full answer