Question
In January 2018, Eleanor (a Single filer) bought 100 shares of WMT stock at a cost of $56.00 per share. In March of 2018, Eleanor
In January 2018, Eleanor (a Single filer) bought 100 shares of WMT stock at a cost of $56.00 per share. In March of 2018, Eleanor sold all 100 shares of WMT for $68.00 per share. Following the sale of her WMT stock, Eleanor immediately purchased 100 shares of AXP for $65.00 per share. In July of 2018, Eleanor sold her AXP stock (all 100 shares) at a loss (she sold for $60.00 per share). She then purchased 100 shares of MRK at a cost of $25 per share (this was also in July). In August, she bought another 100 shares of MRK, this time at a cost of $29 per share. In October, Eleanor sold 100 shares of her MRK stock at a price of $38 per share. On December 31, 2018 Eleanor still owned the other 100 shares of MRK stock (which was trading at $45 per share on that date). For 2018, how much does Eleanor need to report on her tax return as short-term capital gains?
Group of answer choices
$2,500
$2,000
$1,600
$1,200
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