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b. Sales of Merck Stock
On January 20, 1998, petitioner sold 100 shares of Merck
stock for $110.625 per share. His net proceeds were $11,032.18.
These shares were part of the 1,276.4571 shares he held on August
1, 1997, for which the record contains no evidence of his basis.
After the sale, petitioner had 1,176.4571 shares of Merck stock
with a basis not established in the record and a total of
1,338.4547 shares of Merck stock.
Petitioner sold other shares of Merck stock in 1998 as
follows:
Date No. of shares Proceeds
6/10/98 800 $100,766.69
7/1/98 2,000 261,931.26
8/6/98 175 21,263.97
8/7/98 655 80,400.48
8/12/98 391 48,080.65
8/17/98 400 51,968.31
9/15/98 500 67,780.28
10/12/98 600 79,317.40
3. Other Sales of Stock
Petitioner received the following amounts from the sale of
stocks or bonds in 1998: $35 from the Vanguard Group, Inc.
(Vanguard); $104 from the First Chicago Trust Co. of New York
(First Chicago); $1,099,313 from Schwab; and $1,074 from Schwab
(separate from the amount described above).
Petitioner had the following amounts of capital gains on
sales of certain stocks in 1998:
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