Which of the following is a taxable capital gain for taxpayer, Carol Williams fo
ID: 2730602 • Letter: W
Question
Which of the following is a taxable capital gain for taxpayer, Carol Williams for 2015? A) On March 15, 2015, she sold $3,000 of stock in Google she purchased three years ago for $2,380. B) Her investment adviser sold off a number of investments within her IRA in 2015 for a combined gain of $8,000. C) She is still holding an investment of $60,000 that she inherited from her grandfather four years ago as she will use the investment to support her retirement in twenty years. The investments appreciated in value by $4,200 in 2015. D) On June 1, 2015, she sold $1,900 of stock in The Gap that she purchased two years ago for $2,450. E) all of these are capital gains taxable for 2015
Explanation / Answer
Option A) On March 15, 2015, she sold $3,000 of stock in Google she purchased three years ago for $2,380.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.