Homework SourseCris purchased a all option on November 182016 for 500 on De
Cris purchased a all option on November 18,2016, for 500 on December 15,2016, when the price of the stock is $48 a share. How much capital gain should Chris report on his 2016 return?
Cris purchased a all option on November 18,2016, for 500 on December 15,2016, when the price of the stock is $48 a share. How much capital gain should Chris report on his 2016 return?
Solution
Calculate capital gain :
Sale price = $500
Price of stock = $48
Capital gain = 500-48 = 452
