Mr. Franklin Sharp owns 750 shares of Guard Inc. They have an adjusted cost base of $21.50 per share. On June 15, 2020, he sells all of these shares at $13.75 per share. On June 21, 2020, he acquires 400 shares of Guard Inc. at a cost of $12.15 per share and is still holding the shares at the end of the year. What are the tax consequences of these transactions?

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The Answer of Mr. Franklin Sharp owns 750 shares of Guard Inc. They have an adjusted cost base of $21.50 per share. On June 15, 2020, he sells all of these shares at $13.75 per share. On June 21, 2020, he acquires 400 shares of Guard Inc. at a cost of $12.15 per share and is still holding the shares at the end of the year. What are the tax consequences of these transactions?

Mr Franklin Sharp Owns 750 Shares of Guard Inc