Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

red sky · 03-01-2010, 08:00 AM

How would I be taxed on the following situation.

If bought a stock in 2008, say 5,000 shares at $1.20 = $6,000

Then in 2009 bought another 3,000 at $0.80 = $2,400

If I then sold 3,000 at $1.00 in 2009 for proceeds = $3,000

So would I have a capital gain of $600 or a capital loss of $600 or do I do a weighted average and have no capital gains or loss?

Thanks!

03-01-2010, 08:00 AM	#1
red sky #1 Goaltender Join Date: Apr 2006 Exp:	Capital Gains Question How would I be taxed on the following situation. If bought a stock in 2008, say 5,000 shares at $1.20 = $6,000 Then in 2009 bought another 3,000 at $0.80 = $2,400 If I then sold 3,000 at $1.00 in 2009 for proceeds = $3,000 So would I have a capital gain of $600 or a capital loss of $600 or do I do a weighted average and have no capital gains or loss? Thanks!