When a Taxpayer Sells Only a Portion of the Securities

question 19

True/False

When a taxpayer sells only a portion of the securities that they own, the average cost method is used to establish the cost basis for the shares sold.

---

Definitions:

Capsule

The portion of the moss sporophyte that contains spores. A simple, dry, dehiscent fruit that develops from two or more fused carpels and opens along many sutures or pores to release seeds. A gelatinous coat that surrounds some bacteria.

Ameboid Motion

A form of cellular movement achieved through the protrusion of cytoplasm of the cell.

Chromosomes

Long strands of DNA wrapped around proteins, found in the nucleus of eukaryotic cells, containing genes that are passed from one generation to the next.

Heterochromatins

Densely packed form of DNA found in chromosomes, which is transcriptionally inactive and often associated with gene repression.