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8 8 01:35:46 Amal received a Form 1099-DIV with a capital gain distribution of $250. Amal also received a Form 1099-B from the sale
8 8 01:35:46 Amal received a Form 1099-DIV with a capital gain distribution of $250. Amal also received a Form 1099-B from the sale of 240 shares of AMS stock purchased for $3,700 plus a $36 commission fee on February 22, 2020. The net proceeds of the stock sale were $3,340 (the commission fee was $22) and the trade date was February 22, 2021. What are the amount and nature of Amal's gain (loss) on these transactions? Multiple Choice eBook $374 short-term loss and $250 long-term gain $374 long-term loss and $250 short-term gain $396 long-term loss and $250 short-term gain $396 short-term loss and $250 long-term gain
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