In 2021, Charlie received dividends on his stocks as follows: A Corp. (a...
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Finance
In 2021, Charlie received dividends on his stocks as follows:
A Corp. (a French corporation whose stock is traded on an established U.S. securities market) $60,000
B Inc. (a Delaware corporation) $40,000
C Inc. (a Virginia corporation) $22,000
Charlie purchased the C stock three years ago, and he purchased the A stock two years ago. He purchased the B stock 18 days before it went ex-dividend and sold it 20 days later at a $5,000 loss. Charlie is in the 35% marginal tax bracket. Compute Charlies tax on his dividend income for 2021.
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