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need some advice regarding my stock tax situation.

I bought one given stock at three times in 2000:
1) 100 shares at $10
2) 100 shares at $20
3) 100 shares at $5
--> 100*10 = 1000
--> 100*20 = 2000
--> 100*5 = 500
--> -----
-->cost basis 3500
-->sold 3000
--> ------
-->loss 500


Then I sold all 300 shares at $10. According to tax laws, do I have a capital gain or loss? How do I determine it?

My second situation:
I bought 50 shares of another company for $30 a share.
I sold all at a loss for $10 a share. The total of the sale ($10 x 50 shares) was $500.
Do I get a $500 tax deduction for the loss?

--> 50*30 = 1500 cost basis
--> 50*10 = 500 sold
-->subtract ------
--> 1000 loss


reklaw
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