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Calculating capital gain for stocks?
Hi,
I have a question on calculating capital gains for stocks. Here is an example of what I mean. I bought 1,000 shares of company ABC for $4 per share. Several weeks later I bought another 1,000 shares of ABC for $3 per share. I recently sold 1,000 of the shares for $5.20. My question is how is exactly the capital gain calculated in this case? Does the calculation use the difference between the sale price and my average buy price ($3.50) or is it calculated differently? Thanks
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