During 2018, Tom sold Sears stock for $14,200. The stock was purchased 4 years ago for $19,880. Tom also sold ford company bonds for $49,700. The bonds were purchased 2 months ago for $4/,245. Home Depot stock, purchased 2 years ago for $1,420, was sold by Tom for 2,130. Calculate Tom's net gain or loss, and indicate the nature of the gain or loss.

Calculator Problem 4-2 (Algorithmic) What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, and Net Capital Gains (LO 4.1, 4.2, 4.3) During 2018, Tom sold Sears stock for $14,200. The stock was purchased 4 years ago for $19,880. Tom also sold Ford Motor Company bonds for $49,700. The bonds were purchased 2 months ago for $42,245. Home Depot stock, purchased 2 years ago for $1,420, was sold by Tom for $2,130. Calculate Tom's net gain or loss, and indicate the nature of the gain or loss