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On June 21, 2018 (Year 1), Kim purchased 100 shares of AT&Ts Company common stock for $4,500. Kim sold the 100 shares of AT&Ts stock

On June 21, 2018 (Year 1), Kim purchased 100 shares of AT&Ts Company common stock for $4,500. Kim sold the 100 shares of AT&Ts stock on May 18, 2020 (Year 3), for $4,250. On June 3, 2020 (Year 3), Kim repurchased 100 shares of AT&Ts stock for $3,000 and subsequently sold them on July 31, 2020 (Year 3), for $3,500. How should Kim report the above transactions for 2020 (Year 3)?

$750 short-term capital gain.

$500 short-term capital gain.

$250 long-term capital gain.

$250 short-term capital gain

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