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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 29
{Planning} Shaun bought 300 shares of Dental Equipment, Inc.several years ago for $10,000.Currently the stock is worth $8,000.Shaun's marginal tax rate this year is 25 percent, and he has no other capital gains or losses.Shaun expects to have a marginal rate of 30 percent next year, but also expects to have a long-term capital gain of $10,000.To minimize taxes, should Shaun sell the stock on December 31 of this year or January 1 of next year (ignore the time value of money)?
Explanation
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Capital gain and loss
S has bought 300 ...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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