T, an NRA, During 2023, Nelson, an NRA from Country X, has the following income/gain from his US investments: 1- $200,000 in dividends from his shares in Amazon, a US company. 2- $25,000 in interest from a US Certificate of Deposit with Citibank, a US bank. 3- $100,000 capital gain from the sale of some of his Amazon shares. 4- $15,000 in rent from the rental of his State College, PA condo to Andrew, a citizen and resident of Country X who is attending Penn State.buys shares of IBM for $50,000 in 2019 and T becomes an RA on July 15, 2021 at which time the IBM shares were worth $150,000. On 12/10/23, T sells the IBM shares for $100,000. T's gain or loss will be?

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To calculate Ts gain or loss from selling the IBM shares we need to ... View the full answer