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On April 5, 2015, Oscar purchases 500 shares of Zappo Corporation stock for $5,000. On December 1, 2016, he sells short 500 shares of Zappo
On April 5, 2015, Oscar purchases 500 shares of Zappo Corporation stock for $5,000. On December 1, 2016, he sells short 500 shares of Zappo Corporation stock, that he borrows from his broker, for $5, 500. On March 13, 2017, Oscar closes the short sale by delivering the 500 shares of Zappo Corporation stock that he had acquired in 2015. On that date, Zappo Corporation stock had a market price of $8 per share. On his 2016 tax return, Oscar reports __ of $. On March 13, 2017, Oscar has ___ of $
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