new tax codes and stock, accounting homework help
It is mid-December and you run into a friend during your holiday shopping. Hestates that he has been successful this year in the stock market but is worriedabout the constant changes in the tax laws – particularly with the changes thatmay be new for the following year. What advice would you give someone, such asyour friend from this scenario, based solely on the material in the textregarding his options for the sale of the stock. Discuss the potential taxconsequences that could result by deferring the sale of stock into a differenttax year. Be specific with your recommendations
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