question archive On August 27, 2020, Ms
On August 27, 2020, Ms
Subject:SociologyPrice:2.86 Bought8
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-up capital value of $20
Required:
Calculate the taxable capital gain or allowable capital loss on the 2008 and 2020 transactions.
Show all calculations.
