Mr. Hippo owns 10000 shares of lowland corporation common stock which he purchaed on March 8, 2011 for $200,000. On October 3, 2018 Hippo purchased an additional 4,000 shares for $76000. On october 12, 2018 he sells the original 10,000 shares for $170,000. on november 1, 2018 he purchaes an additional 4,000 shares for 66. 000 what is mr, hippos regogines gaon or loss on the sale on october 12
Mr. Hippo owns 10000 shares of lowland corporation common stock which he purchaed on March 8, 2011 for $200,000. On October 3, 2018 Hippo purchased an additional 4,000 shares for $76000. On october 12, 2018 he sells the original 10,000 shares for $170,000. on november 1, 2018 he purchaes an additional 4,000 shares for 66. 000 what is mr, hippos regogines gaon or loss on the sale on october 12
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 63P
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Mr. Hippo owns 10000 shares of lowland corporation common stock which he purchaed on March 8, 2011 for $200,000. On October 3, 2018 Hippo purchased an additional 4,000 shares for $76000. On october 12, 2018 he sells the original 10,000 shares for $170,000. on november 1, 2018 he purchaes an additional 4,000 shares for 66. 000
what is mr, hippos regogines gaon or loss on the sale on october 12
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