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Kevin bought 270 shares of Intel stock on January 1, 2018 for $78 per share with a brokerage fee of $170. Then, Kevin sells all
Kevin bought 270 shares of Intel stock on January 1, 2018 for $78 per share with a brokerage fee of $170. Then, Kevin sells all 270 shares for $89 per share on December 12, 2018. The brokerage fee on the sale was $220. What is the amount of the gain/loss Kevin must report on his 2018 tax return?
Multiple Choice
- $2,970.
- None of the choices are correct.
- $2,580.
- $2,190.
- $3,360.
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