Solution-How much tax will he pay on the sale of these

How much tax will he pay on the sale of these investments

Reference no: EM133075433

Two years ago, Sanjay purchased 2,500 units in a Canadian start-up company called Here We Go Inc. for $15,000. On October 22, 2021, he sold 1,250 shares when they hit $18.50/share and incurred a large gain. He also incurred a capital loss of $7,500 on some mutual funds that he sold earlier in the year in May 2021. His tax rate in 2021 is expected to be 43%, how much tax will he pay on the sale of these investments?

Reference no: EM133075433

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How much tax will he pay on the sale of these investments : Two years ago, Sanjay purchased 2,500 units in a Canadian start-up company called Here We Go Inc. for $15,000. On October 22, 2021, he sold 1,250 shares when th

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How much tax will he pay on the sale of these investments

Reference no: EM133075433

Reference no: EM133075433

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