Bobbi purchased 100 shares of stock on December 5, 2021, for $10,000 ($100 p/s). Bobbi sold 50 shares on January 22, 2023 for $1500 ($30 p/s). Bobbi then re-purchased 50 shares on May 1, 2023 for $1000 ($20 p/s). What are Bobbi's tax consequences for her stock transactions for her 2023 tax year filings if this was her only transaction for the year?
Bobbi purchased 100 shares of stock on December 5, 2021, for $10,000 ($100 p/s). Bobbi sold 50 shares on January 22, 2023 for $1500 ($30 p/s). Bobbi then re-purchased 50 shares on May 1, 2023 for $1000 ($20 p/s). What are Bobbi's tax consequences for her stock transactions for her 2023 tax year filings if this was her only transaction for the year?
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 68P
Related questions
Question
Bobbi purchased 100 shares of stock on December 5, 2021, for $10,000 ($100 p/s). Bobbi sold 50 shares on January 22, 2023 for $1500 ($30 p/s). Bobbi then re-purchased 50 shares on May 1, 2023 for $1000 ($20 p/s).
What are Bobbi's tax consequences for her stock transactions for her 2023 tax year filings if this was her only transaction for the year?
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