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    identifying the related tax issue

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    In the following situation, I am having problems identifying the related tax issue.

    Ms. Lunai is single and expects her 2003 taxable income to be $60,000. On October 1, 2003, she purchased 100 shares of Skyrocket Inc. for $10 per share. On December 15, 2003, the stock traded at $15 per share. Ms. Lunai is considering whether to sell the stock before year-end or hold onto it in anticipation of further appreciation.

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    https://brainmass.com/business/accounting/identifying-the-related-tax-issue-18817

    Solution Summary

    Tax issues are briefly located.

    $2.19

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