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Homework answers / question archive / For the last two years, Margaret Lane has been interested in the shares of Garod Inc

For the last two years, Margaret Lane has been interested in the shares of Garod Inc

Accounting

For the last two years, Margaret Lane has been interested in the shares of Garod Inc.  During the period, her transactions in these securities were as follows:





                                           Shares Purchased (Sold)          Per Share Value

January 2018 Purchase                      300                                        $4.75

July 2018 Purchase                            200                                         5.25

November 2018 Sale                         (250)                                        5.40

July 2019 Purchase                            400                                         5.50

December 2019 Sale                         (150)                                        4.80


 Required: Determine Ms. Lane’s taxable capital gains (losses) for 2018 and 2019.

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