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Miguel sold 300 shares of XY common stock for $4,200 on March 10, 2022. Miguel purchased the stock in 2007 at a cost of $5,000.
Miguel sold 300 shares of XY common stock for $4,200 on March 10, 2022. Miguel purchased the stock in 2007 at a cost of $5,000. On April 2, 2022, he purchased 300 shares of XY common stock for $3,600 and held them until July 16, 2022, when he sold them for $6,000. What will be the long-term gain/loss for 2022?
a) Long-term capital loss of $800
b) Long-term capital gain of $1,000
c) Long-term capital gain of $1,600
d) Long-term capital loss of $800 and a short-term capital gain of $2,400
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