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Annie purchased 1,000 shares of Amazon stock on February 28, 2016 for $500 per share. She paid a commission of $10,000 to her broker in
Annie purchased 1,000 shares of Amazon stock on February 28, 2016 for $500 per share. She paid a commission of $10,000 to her broker in connection with acquiring the stock. On August 31, 2020, Annie sold these 1,000 shares of Amazon stock for $2,000 per share. She paid a commission of $30,000 to her broker in connection with selling the stock. The amount of long-term capital gain Annie will report on her 2020 federal income tax return from selling the Amazon stock is ?
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