Carol and dave each purchase 100 shares of stock of

Reference no: EM13615240

Carol and Dave each purchase 100 shares of stock of Burgundy,Inc., a publicly owned corporation, in July for $10,000 each. Carolsells her stock on December 31 for $8,000. Since Burgundy'sstock is listed on a national exchange, Dave is able to ascertainthat his shares are worth $8,000 on December 31. Does the taxlaw treat the decline in value of the stock differently for Caroland Dave? Explain.

Reference no: EM13615240

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