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Anthony has the following transactions in 2020: Selling Price Acquisition notes 3/16/20 Sold LZ Corp Stock $10,000 Purchased 7/3/14 for $7,000 4/30/20 Sold RP Corp
Anthony has the following transactions in 2020:
|
| Selling Price | Acquisition notes |
3/16/20 | Sold LZ Corp Stock | $10,000 | Purchased 7/3/14 for $7,000 |
4/30/20 | Sold RP Corp Stock | $2,000 | Purchased 1/2/20 for $5,000 |
5/30/20 | Sold JP Corp Stock | $8,000 | Purchased 4/1/19 for $10,000 |
6/3/20 | Sold JB Corp Stock | $12,000 | Purchased 2/25/91 for $1,000 |
10/1/20 | Sold JPJ Corp Stock | $15,000 | Purchased 3/30/20 for $9,000 |
How much of Anthonys income will be taxed at a preferred rate?
A. $15,000
B. $14,000
C. $20,000
D. $12,000
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