On December 1, 20X7, George Jimenez needed a little extra cash for the upcoming holiday season, and sold250 shares of Microsoft stock for $50 per share less a broker's fee of $200 for the entire sale transaction. Prior to the sale, George held the following blocks of Microsoft stock (associated broker's fee paid at the time of purchase): If his goal is to minimize his current capital gain, how much capital gain will George report from the sale?

Question

On December 1, 20X7, George Jimenez needed a little extra cash for the upcoming holiday season, and sold250 shares of Microsoft stock for $50 per share less a broker's fee of $200 for the entire sale transaction. Prior to the sale, George held the following blocks of Microsoft stock (associated broker's fee paid at the time of purchase):  If his goal is to minimize his current capital gain, how much capital gain will George report from the sale?

Quizplus · Accepted Answer

The Answer of On December 1, 20X7, George Jimenez needed a little extra cash for the upcoming holiday season, and sold250 shares of Microsoft stock for $50 per share less a broker's fee of $200 for the entire sale transaction. Prior to the sale, George held the following blocks of Microsoft stock (associated broker's fee paid at the time of purchase):  If his goal is to minimize his current capital gain, how much capital gain will George report from the sale?

On December 1, 20X7, George Jimenez Needed a Little Extra