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Alton received a Form 1099-B that shows a net sales price of $3,725 on the sale of 600 shares of FNP Company. The stock was
Alton received a Form 1099-B that shows a net sales price of $3,725 on the sale of 600 shares of FNP Company. The stock was bought on October 21,2020 , and sold it on October 22 , 2021. The basis in the stock is $2,100, of which $100 is a commission fee. What is the amount and nature of Alton's gain? Multiple Choice $1,625 short-term gain $1,625 long-term gain $1,725 short-term gain $1,725 long-term gain
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