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John bought 1 , 8 5 0 shares of Intel stock ( Nasdaq: INTC ) on October 1 8 , 2 0 2 0 ,

John bought 1,850 shares of Intel stock (Nasdaq: INTC) on October 18,2020, for $47 per share plus a $750 commission he paid to his broker. On December 12,2024, he sells the shares for $68.00 per share. He also incurs a $1,000 fee for this transaction.
Required:
c-1. What is the gain or loss for John on the sale of his Intel stock?
c-2. What is the character of the gain or loss?

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