subject
Business, 25.07.2019 17:10 webbhlharryteach

On february 20, 2017, bill purchased stock in pink corporation (the stock is not small business stock) for $1,000. on may 1, 2018, the stock became worthless. during 2018, bill also had an $8,000 loss on § 1244 small business stock purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. how should bill treat these items on his 2018 tax return?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 14:00
Which of the following would be an accurate statement about achieving a balanced budget
Answers: 1
question
Business, 22.06.2019 19:50
Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?
Answers: 2
question
Business, 23.06.2019 03:00
Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is
Answers: 1
question
Business, 23.06.2019 05:30
When conducting a swot analysis, information about turnover, profit margins, and staff quality can be used to identify:
Answers: 2
You know the right answer?
On february 20, 2017, bill purchased stock in pink corporation (the stock is not small business stoc...
Questions
question
SAT, 15.06.2021 18:00
question
Mathematics, 15.06.2021 18:00
Questions on the website: 13722367