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What amount will include in income on tax return

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Monique owns 200 shares in General Electric. She purchased them in 2010 for $18 per share. She has decided to sell them now at the current price of $30 per share.

Question a) What amount will Monique include in her income this year with respect to the sale of these shares?

Question b) Monique is also thinking of selling her 5000 shares in Bombardier for $3/share. She purchased them when they were $4/share. If she sells the Bombardier shares this year (the same year as the sale of the General Electric shares), what amount will she include in her income on her tax return with respect to these two sales?

Reference no: EM132554167

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