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.© BrainMass Inc. brainmass.com March 4, 2021, 5:55 pm ad1c9bdddf
Tax issues are briefly located.