John bought 1,350 shares of Intel stock on October 18, 2017, for $37 per share plus a $750 commission he paid to his broker. On December 12, 2021, he sells the shares for $53.00 per share. He also incurs a $1,000 fee for this transaction.

c-1. What is the gain/loss for John on the sale of his Intel stock?

c-2. What is the character of the gain/loss?

multiple choice

• Short-term capital loss

• Long-term capital loss

• Short-term capital gain

• Long-term capital gain