Your friend Charlotte has some stock holdings that she is thinking of selling, because she needs cash to pay for Fall 2023 tuition. While she needs the cash, she is also concerned about having to pay a large amount taxes if she sells the stock. Her IBM stock was bought on 1/1/2015, and her Dell stock was bought 4/1/2015. She is a single student and makes $8,550 a year working at the college's coffee cart. What would your advice be to her?

Answer rating: 100% (QA)

Firstly it is important to understand that when Charlotte sells her stocks she will be subject to ca... View the full answer