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Anisha is a 31-year-old single taxpayer. On November 16, 2021, she purchased five crypto coins for $2,000. She sold three of the coins for
Anisha is a 31-year-old single taxpayer. On November 16, 2021, she purchased five crypto coins for $2,000. She sold three of the coins for $1,200 on February 28, 2022. She then sold the remaining two coins for $400 on August 31, 2022. In early 2023, Anisha received a Form 1099-B reporting details about the transaction. Choose the response that correctly describes how Anisha should report this transaction on her tax return. O Long-term capital gain of $400. O Long-term capital loss of $400. O Short-term capital gain of $400. O Short-term capital loss of $400.
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