Solution-What amount does john realize

What amount does john realize

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Question - John bought 1,700 shares of Intel stock on October 18, 2015, for $44 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $63.50 per share. He also incurs a $1,000 fee for this transaction.

a. What is John's adjusted basis in the 1,700 shares of Intel stock?

b. What amount does John realize when he sells the 1,700 shares?

c. What is the gain/loss for John on the sale of his Intel stock?

Reference no: EM132935676

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What amount does john realize

Reference no: EM132935676

Reference no: EM132935676

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