Christoffe Sells 1000 Shares Of Hotech Corporation Preferred Stock For

Christoffe sells 1,000 shares of HoTech Corporation preferred stock for $37 per share on August 3 of the current year. Sales commissions total $300. The stock’s price has been falling since HoTech’s management was sued for patent infringement four months ago. The price is expected to keep falling until the lawsuit is settled. Christoffe received the stock as a Christmas gift from his wife last year. She paid $48 per share plus a $400 commission. The year-end is approaching, and he wants to optimize his tax position. Christoffe’s current portfolio contains the following corporate stock:

Christoffe sells 1,000 shares of HoTech Corporation preferred st

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