On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $263,000 At the end of May 2020, Simon sold one of the stocks, which had a beginning of year value of $26,400, for $31,000 He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $12,100 during the year. On December 31, 2020, Simon's portfolio had a market value of $246,000 Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value) Simon's portfolio HPR during the year ended December 31, 2020 is % (Round to two decimal places)

On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $263,000 At the end of May 2020, Simon sold one of the stocks, which had a beginning of year value of $26,400, for $31,000 He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $12,100 during the year. On December 31, 2020, Simon's portfolio had a market value of $246,000 Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value) Simon's portfolio HPR during the year ended December 31, 2020 is % (Round to two decimal places)

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 50P

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On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $264,000. At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,500, for $31,500. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $11,900 during the year. On December 31, 2020, Simon's portfolio had a market value of $246,000. Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.) Simon's portfolio HPR during the year ended December 31, 2020, is %. (Round to two decimal places.)
On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $265,000. At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,000, for $31,500. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $12,500 during the year. On December 31, 2020, Simon's portfolio had a market value of $245,000. Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.) Simon's portfolio HPR during the year ended December 31, 2020, is%. (Round to two decimal places.) G
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