Question
During 2015, Anne sold several shares of stock held for investment. The following is a summary of her capital transactions for the year. What is
During 2015, Anne sold several shares of stock held for investment. The following is a summary of her capital transactions for the year. What is the amount of Annes net capital gain or loss for the year and what is the character of the gain or loss?
Acquired | Sold | Selling Price | Cost |
2/15/15 | 7/15/15 | $2,100 | $1,400 |
6/25/13 | 8/2/15 | 3,500 | 2,300 |
9/25/15 | 12/15/15 | 800 | 1,000 |
12/28/12 | 6/15/15 | 600 | 900
|
(Points : 5) $0 Long term capital loss $1,100 Long term capital loss $1,400 Long term capital loss $3,000 Short term capital loss $500 and long term capital loss $900 Short term capital gain $500 and long term capital gain $900 Long term capital gain $1,100 Long term capital gain $1,400
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