During 2018, Tom sold Sears stock for $20,200. The stock was purchased 4 years ago for $28,280.
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Question:
During 2018, Tom sold Sears stock for $20,200. The stock was purchased 4 years ago for $28,280. Tom also sold Ford Motor Company bonds for $70,700. The bonds were purchased 2 months ago for $60,095. Home Depot stock, purchased 2 years ago for $2,020, was sold by Tom for $3,030.
Calculate Tom's net gain or loss, and indicate the nature of the gain or loss.
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