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John bought 2,200 shares of Intel stock on October 18, 2014 for $54 per share plus a $750 commission he paid to his broker, On
John bought 2,200 shares of Intel stock on October 18, 2014 for $54 per share plus a $750 commission he paid to his broker, On December 12, 2018, he sells the shares for $78.50 per share. He also incur a $1,000 fee for this transition.
What is John's adjusted basis in the 2,200 shares Intel stock.
What amount does John Realize when he sell the 2,200 shares?
What is the gain/loss for John on the sale of his Intel stock
What is the character of the gain/loss
Short Term Capital Gain
Long-Term Capital Gain
Long Term Capital Loss
Short-Term Capital Loss
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