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During 2020, Tom sold GM stock for $34,600. The stock was purchased 4 years ago for $48,440. Tom also sold Ford Motor Company bonds for
During 2020, Tom sold GM stock for $34,600. The stock was purchased 4 years ago for $48,440. Tom also sold Ford Motor Company bonds for $121,100. The bonds were purchased 2 months ago for $102,935. Home Depot stock, purchased 2 years ago for $3,460, was sold by Tom for $5,190. Calculate Tom's net gain or loss, and indicate the nature of the gain or loss. $__________
Net long-term capital gain
Net long-term capital loss
Net short-term capital gain
Net short-term capital loss
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