NEED HELP ON PART B, PLEASE. Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2011 620 $ 32,240 4/20/2012 520 30,056 1/29/2013 720 32,832 11/02/2015 470 24,064 If Dahlia sells 1,460 shares of Microsoft for $105,120 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a.)She uses the FIFO method. (answered) Capital gain =28,232 b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain =

NEED HELP ON PART B, PLEASE. Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2011 620 $ 32,240 4/20/2012 520 30,056 1/29/2013 720 32,832 11/02/2015 470 24,064 If Dahlia sells 1,460 shares of Microsoft for $105,120 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a.)She uses the FIFO method. (answered) Capital gain =28,232 b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain =

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 55P

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Date Purchased	Shares	Basis
7/10/2011	620	$ 32,240
4/20/2012	520	30,056
1/29/2013	720	32,832
11/02/2015	470	24,064

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