Determine the Chi taxable capital gains

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Reference no: EM132801447

Question - Chi has the following transactions in Smoke Corp. and Mirrors Corp. shares:

	Smoke	Mirror
May 1, 2018 Purchase	100 @ $22.50	100 @ $25.00
December 20, 2018 Sale	100 @ $28.00	100 @ $24.00
January 3, 2019 Purchase	N/A	100 @ $23.20
June 1, 2019 Sale	N/A	100 @ $26.00

Required - Determine the Chi's taxable capital gains for 2018 and 2019?

Reference no: EM132801447

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