not identify which shares she sold. What basis should she use for computing gain or loss?

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter13: Property Transact Ions: Determination Of Gain Or Loss, Basis Considerations, And Nontaxable Exchanges
Section: Chapter Questions
Problem 5BCRQ
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Question 1 of 25.
Courtney purchased the following shares of
JZR stock:
60 shares for $1,700 in 2017.
70 shares for $2,250 in 2018.
80 shares for $2,675 in 2019.
She sold 160 shares of JZR in 2021 and did
not identify which shares she sold. What
basis should she use for computing gain or
loss?
$4,942
$4,953
$4,971
$5,108
Transcribed Image Text:Question 1 of 25. Courtney purchased the following shares of JZR stock: 60 shares for $1,700 in 2017. 70 shares for $2,250 in 2018. 80 shares for $2,675 in 2019. She sold 160 shares of JZR in 2021 and did not identify which shares she sold. What basis should she use for computing gain or loss? $4,942 $4,953 $4,971 $5,108
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