On March 1, Year 1, Roland Doe bought 200 shares of Gummit stock at $40 per share. On April 1, Year 2, Roland sold short (sold without delivering) 100 shares of Gummit stock for $50 per share. On December 1, Year 2, Roland bought 100 shares of Gummit stock for $60 per share and closed the short sale by delivering this stock. What is the resulting character of this short sale by Roland Doe and the date any gain or loss will be recognized?

Character	Date recognized

Short-term capital gain/loss

April 1, Year 2

Long-term capital gain/loss

April 1, Year 2

Long-term capital gain/loss

December 1, Year 2

Short-term capital gain/loss

December 1, Year 2